The DOW, Natural Gas, Oil, And Gold get Slammed As the Dollar Shows Signs of Life.

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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

DOW4

GOLD – GLD

GLD1

US DOLLAR – UUP

UUP

OIL – USO

USO1

Natural Gas – UNG

UNG

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