A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Hello again, Everyone!
Our “Bullet Train” continues to move forward in most Markets and Currency Units, as Appreciation and Risk Appetite continue to Rule The Day.
The NYSE Opens with Equity Futures bidding higher for several Pre-Open Hours, as those Institutional Block Orders get filled and Gold and Crude Oil pick up on the “Bleeding Out” Momentum as well!
Crude on the NYMEX with the Continuous Contract… as well as the June Futures Contract from my View here…hits 2009 Highs as we stay above the $900 Level with Confidence.
Gold also Breaks out of a beautiful Symmetrical Triangle, and completes a “Classic’ Bull Flag/Pennant Formation on the Daily View.
Let’s keep everything in Perspective, though… We are at, or are approaching, Key Potential Corrective Levels, so our Initial Thoughts on some “Reversals” may certainly come to Fruition.
Certainly something tobe Mindful of moving forward… :-)
The Institute for Supply Management Data comes in with “slight” Expansion across all Criteria in the Business Index, Non-Manufacturing Orders, and the Employment, Price, and New Order Sub-Indexes as well.
Bernanke rides the current wave here and provides Rhetoric on some “Stabilization” in the overall Economic “Health”, as the Day continues and the Dow is largely “Flat” a half-hour into the Open.
Let’s have a look at Gold and The Queen to see the Corrective Nature of the Data Point… as these “Reprieves” simply look to continue Price Appreciation.
Here are the Hourly Views of both, so give them a Click for Commentary, and Post-Time is 14:20 GMT.
I will certainly be back with you for another Update… to see if our “Thoughts” on any significant Corrective Behavior truly comes to Fruition across the Markets as we move forward!
