Saturday, March 17, 2007

$HUI Charts Update

Recently the HUI is zigzagging around the 50 and 200 moving averages, not much conviction and the trading opportunity is intraday if any. Note the RSI slight positive divergence, PPO trying to improve from negative territory.


HUI daily chart


On the longer time frame similar action trading range of 275 – 400 . Natural PPO and RSI.


HUI weekly chart


All in all still no clear sign of direction as far as I'm concerned. Be sure to check my XAU / XAG updates.

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