FCPO:- Little Bull May Has More Strength 8/3/2010

The little bull still has some strength. It took out my earlier shorts and moved back to new longs when the Stochastic crossed up again.The MACD continues its upmove . An interesting item here would be the ADX which has begun to rise. But as it is still below the 20's signal line, I would suggest you keep an eye on the Stochastic and get ready to take profit at the slightest hint. A logical place to put stop is 2639.

 
The weekly chart is turning more positive as price stays above the upper Bollinger Band. The Stochastic has turned positive and so is the MACD. The weekly ADX has started to rise  and is about to go above the 20's signal line. This could mean the bull may turn even stronger soon.

As the USD may has come to a temporary top for the time being, we may see some of the commodities go back up.