The monthly cycle remains in the uptrend to 1209. the short entry price is 950. trade pressures are down and the longer time cycle is down but should turn to up in October 2010. a shorter up cycle begins now.

the weekly remains in the down trade with the first target of 1008. a long cycle ended last week. a shorter cycle is still showing downward pressures but will end on March 12th. a trade thru 1113 signals a new uptrade which should test the recent high.

Daily trade is up after the 1072 entry price was met on the 12th. the 1108 target has been met and the market is finding that area of 1108-1113 to be resistance. we see that it is also the entry price for the new weekly up move. a close below 1086 will signal a new down move. trade pressures are up and one cycle has turned up and another down cycle ends March 9th. you can see the chop that is associated with these conflicts between trade and time pressures.