Wednesday 28 Sep 2016
Crude Oil recovers after huge drop that was seen as over-done
Crude Oil recovers after huge drop that was seen as over-done
Oil snapped out of the slump as traders bought contracts based on technical indicators
Crude oil rebounded from as traders took the view that the fall in prices during the longest losing streak this year was overdone. Oil snapped out of the slump as traders bought contracts based on technical indicators. China
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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.
