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NYMO All-Time High

 
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PostPosted: Mon Jan 05, 2009 7:18 pm    Post subject: NYMO All-Time High Reply with quote

The first chart reflects the daily NYMO closed at an all-time high above 109. The second chart shows the NYMO 20 and 50 day MAs are near or at all-time highs. The NYMO 50-day MA reached about negative 30 twice in the past two years, and then SPX rose. So, conversely, given the NYMO 50-day MA is near 30, a pullback should take place.



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