The DOW, Natural Gas, Oil, And Gold get Slammed As the Dollar Shows Signs of Life.
Oct 27, 2009 Stock Market News, Technical Analysis
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It was a rusty day for the bulls across the board as the dollar made a substantial rebound today on an enormous amount of volume. The DOW ($indu), Natural Gas (UNG), and GOLD (GLD) all broke down very significant short term support levels suggesting potential tops to their latest runs. While OIL (USO) is sitting right @ short term support still remaining in tact of the short term trend. Heres a technical look @ the Dow, and ETF’s for OIL, GOLD, Natural Gas, and the US Dollar.
Technical Analysis:
DOW – $INDU
GOLD – GLD
US DOLLAR – UUP
OIL – USO
Natural Gas – UNG












