For the past two weeks crude is trading above the 200 day Weekly moving average.
Seems Crude is no longer cheaper any more.
Source:
www.marketcalls.in

Baltic Dry Index is often referred as the leading indicator of th economy. The index measures the demand for shipping capacity versus the supply of dry bulk carriers. The demand for shipping varies with the amount of cargo that is being traded or moved in various markets
 
The BDI is termed a leading economic indicator because it predicts future economic activity. Because it provides "an assessment of the price of moving the major raw materials by sea," according to The Baltic, "… it provides both a rare window into the highly …

Here is  cute overview of the relationship between fundamentals and the DOW over at Macrotactics:
GM chapter 11 = PRICED IN125K+ jobs lost from GM chapter 11 = PRICED INunemployment @ 9% = BETTER THAN EXPECTEDunemployment @ 10% = DOW SOARSunemployment @ 11% = GREEN SHOOT RALLYunemployment @ 12% = ALREADY FACTORED IN unemployment = 35% = DOW DROPS 100 POINTShousing price =1% = RECESSION ENDINGhousing collapses = GREEN SHOOTHousing falls 20% = STABILIZATIONGovernment spends 1 trillion of OUR dollars = STIMULUSNorth Korea fires nuke = RALLY Israel bombs …

Baltic Dry Index is Melting…..Crude is Sinking…..Commodities are dragging down…..Yen is Sinking……Dollar…. It is still a mystery
Iam really tired of Watching All these things…. I thought these could be the external factors that could affect nifty…. I confused myself and so the decisions here. External Factors doesnt help you if are an fine tuned nifty trader.
It not the economy make the stock market tumble…. Its the Excess Greed Makes the market tumble. Still Now Nifty is not in the mood to crack its supports right from 4350. As …

Gold / Oil ratio refers to how much crude oil can be bought with one ounce of Gold. With gold at $1000 per ounce and oil at $66 per barrel, the Gold/Oil ratio is at 15.15. The average for the last 40 years has been around 15.
 

The gold-oil ratio identifies:
 
- Buying opportunities (for gold) when the gold-oil ratio turns up at/below 10 barrels/ounce; and – Selling opportunities when the gold-oil ratio turns down at/above 20 barrels/ounce.
 
 
Gold-Oil ratio had peaked to 26 during mid of Februray 2009 which shows …

Crude strongly resisted near 200 day Weekly EMA. After Resisting near 74$ it shows strong move towards
$68 and showing negative divergence pattern in daily charts.
 
By Applying 13,34,55 EMA Principle we could find that crude is trade below all the three major EMA zone
 
13 EMA – 69.98
34 EMA – 69.54
55 EMA – 68.14
 
So $68-70 could be a possible resistance band. If any immediate reversal to take place then possibly
this zone will act as a immediate resistance zone
Source:
www.marketcalls.in

Everything remains the same
— Reliance Lags Nifty
— Nifty Wintess 3 Week Top Formation in Weekly Charts
— Trin is above 1
— FII's Remain Netsellers
— Dollar Bottomed Out in short term along formation with bullish divergence in charts
– GANN Tussle between bullish and bearish lines from the GANN Charts
 
– GANN Supports near 4500 and near 4220-4240.
 
– Baltic Dry Index down more than 40% since June 2009
 
– Crude at criitcal resistance trading near 200 Week Moving Average along with bearish divergence in charts
 
– Montly Support near 4220( 5 EMA montly)
 
– Weekly Resistance near …

Crude once again near 200 Week Moving avergage with bearish negative divergence on daily charts
Source:
www.marketcalls.in

Charts of USD Dollar Index shows a Basic 5 wave elliot  corrective structure ending with strong Positive momentum
Divergence which is clearly visible in MACD as the index is making lower values MACD trend to move higher.
 
Possibly the shorter term trend could change followed by lower crude,gold and stock asset prices.
 
Source:
www.marketcalls.in

Just a simple chart to look out. Crude Weekly Chart shows that it is facing a massive Resistance
near 200 Week Moving Average i.e around 74-75$ Zone. And RSI-5 indicates weakening of strength
in the crude.
Source:
www.marketcalls.in