Oscillators are still giving mixed signals; volume is decreasing. Primary and daily trends are up; nevertheless, not much else can be said about current situation.
We have to simply wait for breaking the level of ca.39300 before next buy confirmation.
Oil is rallying this week (here).
Sources:
[http://www.marketwatch.com/story/oil-futures-tap-fresh-one-year-high-atop-78-2009-10-16]
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