Bonds, Gold, Oil, U.S. Dollar Uncertain Ahead of Jobs Report, FOMC Meeting - TheStreet

The technical charts are difficult to interpret as investors await Friday's employment report and the Dec. 16 meeting of the Federal Reserve's open market committee, when a rate hike may be announced.

The yield on the U.S. Treasury 30-year bond remains below its 200-week simple moving average of 3.14%. Comex gold futures are just above a fresh multi-year low of $1,051.1 set on Nov. 27. Nymex crude oil is trading sideways above $40 a barrel. The euro versus the dollar continues to slip lower.

Here's the weekly chart for the bond exchange-traded fund.


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The 20+ Year Treasury Bond ETF (TLT) - Get Report, which is a basket of U.S. Treasury bonds with maturities of 20 to 30 years, closed at $120.97 on Friday, down 2.1% so far in the fourth quarter and down 3.9% year to date.

The weekly chart is negative, with the ETF below its key weekly moving average of $121.79 and weekly momentum declining to 28.44 down from 29.09 on Nov. 20. The 200-week simple moving average continues to be important support at $117.67.

Investors looking to buy the bond ETF should place a good till canceled limit order to buy the ETF if it drops to $115.58, which is a key level on technical charts until the end of 2015. Investors looking to reduce holdings should place a good until canceled limit order to sell the ETF if it rises to $122.09, which is a level on technical charts until the end of this week.

Here's the weekly chart for the gold exchange-traded fund.


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The SPDR Gold Shares ETF (GLD) - Get Report , which is backed by gold bullion, had a close of $101.25 on Friday, down 5.2% so far in the fourth quarter and down 10.9% year to date.

The weekly chart has been negative since Oct. 30 and remains so, with the ETF below its key weekly moving average of $105.70 and well below its 200-week simple moving average of $132.93. The weekly momentum reading fell to 23.47 last week down from 32.53 on Nov. 20.

Investors using good till canceled limit orders to but weakness to $101.30 were filled on Nov. 27. A key level of $102.33 will be in play until the end of 2015. A key level of $105.02 remains in play until the end of end of 2015. Investors trading for short-term gains can use these levels in GTC limit orders to sell.

Here's the weekly chart for the commodity-index ETF.


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The iShares GSCI Commodity-Index Trust Fund (GSG) - Get Report , which is 70% to 75% weighed to energy and crude oil, closed at $15.63 Friday, down 8.5% so far in the fourth quarter and down 27.6% year to date.

The weekly chart has been negative since Oct. 30 and stays negative with the ETF below its key weekly moving average of $16.43 and well below its 200-week simple moving average of $28.99. The weekly momentum reading declined to 20.27 last week down from 27.92 on Nov. 20.

This ETF remains below a key level of $17.62 in play until the end of 2015.

Investors looking to reduce holdings should place a good until canceled limit order to sell the ETF if it rises to $24.02 and $25.38, which are key levels on technical charts until the end of 2015.

Here's the weekly chart for the dollar index ETF.


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The Deutsche Bank USD Index (UUP) - Get Report , which is basket of currencies including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc, had a close of $26.02 on Friday up 3.7% so far in the fourth quarter and up 8.6% year to date.

The weekly chart has been positive since Oct. 23 and stays positive with the ETF above its key weekly moving average of $25.56, and well above its 200-week simple moving average of $22.86. The weekly momentum reading rose to 84.41 last week up from 79.18 on Nov. 20, moving above the overbought threshold of 80.00.

The key to the maintaining dollar strength continues to be staying above a key level of $25.53 which is a key level in play until the end of 2015.

Investors looking to buy the dollar ETF should place a good till canceled limit order to buy the ETF if it drops to $24.03, which is a key level on technical charts until the end of 2015.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.