20090115

The WIG Index continued its fall:

wig_20090115

The CCI also confirmed south direction today. The WIG Index is near the gap from 11th Nov 2008 and also 168% retracement from last daily swing (ca.25400) - those two areas can provide support. However, any support in downtrend is just potential support before it is actually tested.

Money.pl portal gathered few forecasts for Poland's GDP in 2009 (here).

Crude oil shows tremendous volatility (here). Morgan Stanley seeks a supertanker to store crude oil. About 80 million barrels of crude oil are being stored in tankers, the most in 20 years (here).

More bad news on US housing market - foreclosure filings have risen dramatically on year-to-year basics (here). Nevertheless, also a good ones can be found - lower average rates  (here).

Sources:
[http://www.money.pl/gospodarka/wiadomosci/artykul/rostowskikryzys;nas;nie;dotknal,227,0,413923.html (via Google Language Tools)]
[http://www.marketwatch.com/news/story/Oil-tumbles-10-economic-troubles/story.aspx?guid={483E6FFB-04AF-47B5-9411-5450493124B8}]
[http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZ8zTUi12IkY]
[http://www.marketwatch.com/news/story/Benchmark-30-year-mortgage-falls/story.aspx?guid={781E33BA-96DE-40EB-86A4-A48DBE686DA1}]
[http://www.marketwatch.com/news/story/US-foreclosure-filings-2008-rose/story.aspx?guid={1B0E993C-88D5-44B6-8C50-C02410082B5E}]

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