CRUDE OIL / GOLD / SILVER ALERT : WE ARE STILL WITH OUR SHORT POSITION..DONT GET CARRIED AWAY WITH YESTERDAYS BOUNCE...HOWEVER TODAYS NFP DATA WILL BE POSITIVE AND THT WILL PRESSURE GOLD / SILVER PRICES..PORTUGAL DEBIT FEAR WILL BE PUTTING PRESSURE ON CRUDE OIL PRICES...
MODIFY SILVER STOP LOSS TO 37.20 & SELL SILVER IF REACH 37.02 / 37.16 WITH A STOP LOSS OF 37.36 ; TGT 32.54/30.96
GOLD 1465 TARGET IS STILL ACTIVE ..KEEP A STOP LOSS OF 1556 & SELL GOLD .. IF YESTERDAYS MOVE WAS A REAL SIGN OF TREND REVERSAL THEN GOLD HAD TO BREAK OUR SHORT TERM RESISTANCE 1535 ..WHICH GOLD COULDNT DO YESTERDAY..
WHILE WHEN YESTERDAY PORTUGAL FEAR SENTIMENTS PUSHED GOLD / SILVER PRICES UPSIDE ..WHEN THT IS THE CASE THEN THT FEAR SHOULD ALSO IMPACT CRUDE PRICES..HOWEVER WE WERE EXPECTING JUST 97.70$ BUT IT VIOLATED AND MOVED 1.69$ HIGHER...WE HAD KEPT A TGT OF 88.90 BUT YESTERDAY VIOLATION WILL WILL HAMMER CRUDE PRICES FROM 88.90 - 1.69$ = 87.21$...JUST AROUND OUR TGT 87.48$
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