- See more at: http://blogtimenow.com/blogging/automatically-redirect-blogger-blog-another-blog-website/#sthash.CpFtWfic.dpuf Traders digest: GOLD & OIL

Wednesday, 19 March 2014


Crude oil looks like a double bottom in place. Currently needs a move above 99.73 for a breakout retest continuation patter. Major resistance at $100, it might struggle to get above given there is no compelling fundamentals to push it higher at the moment. Will be looking to short on a confirmed move below support or light buying on break above 99.73 with a tight stoploss.

Gold looking weak at the moment. Might try to trigger stops before the FOMC tonight. Market seems to be anticipating further tapering.

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