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Weekly – Still in the long uptrend. Trade pressures, however, are down. Volumes are Bearish.

Daily – In the move down, but at the 100% target. Trade pressures are down but rising. Volumes are neutral.

The next target down is the prior low of 96.88.

A close above 97.57 would signal higher with resistance at the next target of 98.26.

Could expect the down move to resume, perhaps after the FED announcement this next week.



Weekly – Moving down inside the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the downtrend, Trade pressures are down but rising. Volumes are bearish.

At the 61.8% retracement down. The next target down is 155-31.

A close above 160-31 would signal higher. But with the downward weekly pressures should not exceed the 160-29 target.

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