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Wednesday, February 22, 2012

crude and bullions

GOLD: glittering. nearby one resistance to overcome and stand avobe of $1764 and can wait for another breakout area of res of $1800 and $1840 (Spot basis) to overcome to challenge record high.

SILVER: waking up and waiting to see a breakout of $35.58/$35.78 area (spot basis) and steadiness above, this can boost it nicely.
CRUDE OIL: as per my last post ONLY crude hits stop in case of BRENT/SWEET spread or long position of WTI, it slipped to $95, again retested but ultimately taken out said res of $104, pointing towards $115-$118 followed by res $106 and $108, $111.
*Background remains supportive.