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You can clearly
see on the long-term chart, Dow is bullish.
Note that Dollar
has actually double bottomed and is steadily climbing upwards. For USD/SGD.
As SGD is strong, I tend to view USD/SGD as stable to bearish.
Gold is steadily
declining and showing signs of bottoming out.
Crude is in
range-bound mode on a long-term uptrend. Watch what happens after the US
Presidential elections.
Sugar has
rebounded nicely but might have hit a peak. If the weather/ corn/ ethanol
issue doesn’t subside, expect Sugar to break new highs. There is also a
strong correlation to Crude.
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