Covering the DOW price tested the 12560.00 level and pushed higher. This is not exactly what I expected, but none the less I don't hold the crystal ball on future. Now that price has established itself above 12560.00 and is currently forming a bullish bull flag pattern I see it heading to 12674.00 with not much in its path. This, if I had to guess, is a stop run manipulation move to lower prices. I do see short term bullishness to that level. Oil is higher and has actually over come my 80.30 level trading at 80.60. I am still bullish on USOil until I get a signal. Next test will be 81.00 level where I will be watching closely for signs to go short. EURUSD came within less than a pip of my short target and traded as low as 1.24411. Currently I need to see some conformation either way. Price did make a double bottom at the 1.244 level which could lead to a retest of the 1.253/54 level. If price breaks this now resistance level I see it trading as high as 1.257/62 area where I will look for signs to go short. Price could move lower from here so if price breaks 1.2440 with conformation I will get short. NZDUSD has pushed higher to test bearish bear flag trend line resistance at .794/95 level. I will look for a signal to get short off this current level. So given the EU economic summit in Brussels tomorrow and Friday I believe we should get some fundamental ideas on future direction.
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