The WTI Crude Oil market had a volatile session on Tuesday, as we continue to bang around the $40 level. Natural gas markets initially tried to rally on Tuesday, but found the $3 level to be far too resistive yet again.
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The US dollar rallied during the Tuesday session, breaking the top of the hammer from both Monday and Friday. The Australian dollar fell during the day on Tuesday, testing the 0.79 level.
The S&P 500 exploded during the day on Tuesday, clearing the 2450 handle. The NASDAQ 100 broke higher and clear the top of the hammer from the Monday session on Tuesday.
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Gold prices fell $6.89 an ounce on Tuesday but remained within the trading range of the past four sessions as the battle between the bulls and the bears continued.
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The EUR/USD pair initially fell on Monday but turned around to rally yet again. The British pound had a positive session on Monday, but I think that what is more important to pay attention to is that we are in a consolidation area.
The S&P 500 initially fell on Monday, but it appears that the 2425 level is trying to offer a significant amount of support. The NASDAQ 100 also ended up forming a hammer, but on this chart, you can see clearly that there is an uptrend line that has held.
The WTI Crude Oil market fell during the day on Monday, reaching as low as the bottom of the Friday bullish candle.
The US dollar fell a bit during the day on Monday, but continues to find the 108.50 level to be supportive. The New Zealand dollar rallied a bit during the day on Monday, testing the 0.7350 level.