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.
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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