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This week the Federal Open Market Committee meets Tuesday and Wednesday. The technical setups for bonds, gold, crude oil and the U.S. dollar favor an unchanged message from the FOMC when it releases its statement. Today's charts and key levels will help investors manage any post-FOMC meeting volatility.

The exchange-traded fund tracking U.S. bonds ended last week between its 50-day and 200-day simple moving average poised to move higher of lower. The same set-up is in place for the gold ETF but its weekly chart is positive. The commodity ETF is back below its 50-day simple moving average which is not a good sign for the global economy. The dollar rebounded above its "death cross" indicating that the U.S. will continue to be the strongest economy on the planet.

Here's the daily chart for the bond ETF.


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The 20+ Year Treasury Bond ETF (TLT) - Get Free Report , which is a basket of U.S. Treasury bonds with maturities of 20 to 30 years, closed at $123.20 on Friday, down 2.2% year to date with the S&P 500undefined up 0.8%. It is now at $123.94.

The bond ETF ended the week between its 50-day simple moving average of $122.78 and its 200-day simple moving average of $124.53.

There's a downtrend from the year-to-date high of $138.50 set on Jan. 30 and the lower high of $128.92 set on Aug. 24, the day the stock markets around the world suffered from flash crashes on a day called "Black Monday" in China. There's also an uptrend from the year-to-date low of $114.88 set on June 26 through the higher low of $118.55 set on Sept. 16. Market technicians call this a pennant pattern.

On Wednesday, when the FOMC meets, the uptrend comes in at $120.50 with the downtrend at $125.76. This is the neutral zone in reaction to volatility that could occur in the wake of the Fed decision.

The weekly chart is neutral, with the ETF above its key weekly moving average of $122.88 and its 200-week simple moving average of $117.64. The weekly momentum reading declined to 51.29 last week down from 53.97 on Oct. 16.

Investors looking to buy the bond ETF should place a good till canceled limit order to buy the ETF if it drops to $120.33 and $115.58, which are key levels on technical charts until the end of the year.

Investors looking to reduce holdings should place a good until canceled limit order to sell the ETF if it rises to $129.58 and $132.13, which are key levels on technical charts until the end of 2015.

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


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The SPDR Gold Shares ETF (GLD) - Get Free Report , which is backed by gold bullion, closed at $111.50 on Friday, down 1.8% year to date, but up 4.3% so far in October. It currently trades at $111.74.

This ETF is above its 50-day simple moving average of $109.10 and below its 200-day simple moving average of $112.74 after peaking above this average at $113.99 on Oct. 15. Note the short term uptrend connecting the low of $103.43 on July 24 through the low of $105.27 on Sept. 11. This uptrend comes in at $107.16 on Wednesday when the FOMC meets.

The weekly chart is positive, with the ETF above its key weekly moving average of $110.13, but well below its 200-week simple moving average of $134.32. The weekly momentum reading rose to 70.12 last week up from 64.09 on Oct. 16.

Investors looking to buy the gold ETF should place a good till canceled limit order to buy the ETF if it drops to $105.02, which is a key level on technical charts until the end of 2015.

Here's the daily chart for the commodity index ETF.


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The iShares GSCI Commodity-Index Trust Fund (GSG) - Get Free Report , which is 70% to 75% weighed to energy and crude oil, had a close of $16.80 on Friday, down 22.2% year to date, and down 1.6% so far in October. It currently trades at $16.71. This ETF is below its 50-day simple moving average of $17.20 and well below its 200-day simple moving average of $19.46.

The weekly chart is neutral with the ETF just below its key weekly moving average of $17.40 and well below its 200-week simple moving average of $29.42. The weekly momentum reading rose to 39.36 last week up from 34.39 on Oct. 16.

A key to any major upside potential would be weekly closes above key levels of $17.62 and $19.13, in play until the end of the year and the end of October, respectively.

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 daily chart for the dollar index ETF.


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The Deutsche Bank USD Index (UUP) - Get Free Report , which is a basket of currencies including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc, had a close of $25.30 on Friday, up 5.5% year to date, and up 0.8% so far in October. It is currently unchanged.

The ETF had been below its 50-day and 200-day simple moving averages in a "death cross" set on Oct. 5. This indicated that lower prices were likely, but the dollar turned on a dime from lower levels at $24.43 on Oct. 14. Since then the dollar regained momentum and the dollar is now above its 50-day and 200-day simple moving averages of $24.93 and $25.19, respectively. The dollar also ended last week above a downtrend that connects the high of $26.60 set on March 13 through the lower high of $25.69 set on Aug. 7.

The weekly chart is neutral with the ETF above its key weekly moving average of $25.00 and well above its 200-week simple moving average of $22.78. The weekly momentum reading declined to 47.29 last week down from 47.78 Oct. 16.

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.

The dollar closed last week just below key levels of $25.36 and $25.53, which are in play until the end of October and the end of 2015, respectively. If the dollar moves above these levels following Wednesday's FOMC meeting the upward momentum should continue.

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