Welcome to my Trading Blog

Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Monday, May 17, 2010

Crude oil IS TRADED below 70,, and Gold above 1240 ??

In view of the fear in the weakness of the  world future economy and instability of the Euros Union, The Crude oil has been subjected to severe SELL Down by traders. It was  just traded below USD 70,  ten  minutes ago.

Similarly, Traders are looking for relatively SAFE  commodity such as Gold and Silver, and Gold has just been raised to above USD1240, HEADING  towards the psychological Resistance level at 1350, an all time High  level.!!

The Crude oil may drift down below 60  in short terms,,  and the Gold shall cross the 1300 level soon, basing on both the Technical Analysis and the Bearish sentiments in the Stocks/Stock indices Futures in both Europe/ Asia/US.
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)