Tuesday 27 Sep 2016
Crude Oil drops as demand dwindles and inventories increase
Crude Oil drops as demand dwindles and inventories increase
Oil declined after the American Petroleum Institute said gasoline supplies rose 767,000 barrels to 212.4 million last week
Crude oil fell, as equities slumped and an industry report showed an increase in U.S. fuel inventories. Oil declined after the American Petroleum Institute said gasoline supplies rose 767,000 barrels to 212.4 million last week.
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Gold is recovering from 1277 low but still showing a corrective personality because of an overlapping price action. Therefore we
Gold has extended it's gains well above 1300 mark in the last few weeks from 1251, triangle low. Notice that
Gold broke above 1300 mark, making an extended leg from 1251, triangle low. Notice that we have adjusted the wave
Spot Gold rocketed through all resistance to gain almost $80 in a day & reach 1365. This happens to be
Spot Gold tested resistance at 1335/37 to take profit as expected & saw a high for the day as predicted.
