Thursday, July 21, 2011

DailyMarkets.com - Forex Trading: Eurozone Finance Minister Says Trichet Has Accepted Selective Default.

DailyMarkets.com - Forex Trading: Eurozone Finance Minister Says Trichet Has Accepted Selective Default.


Forex Trading: Eurozone Finance Minister Says Trichet Has Accepted Selective Default.

Posted: 21 Jul 2011 03:16 AM PDT

… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EUR/USD Testing 100 Hour Moving Average

Posted: 21 Jul 2011 03:04 AM PDT

After reaching a high of 1.42895 the EUR/USD has sold off in recent trade following worse than expected PMI data out of Germany and France in addition to poor Eurozone current account (-5.2B). There were also comments on Greece tonight; most notably from EU's Juncker who stated that selective default is a possibility for the country.
Bullish trendline support had been developing for the pair over the last 2 days until it broke lower with the current candlestick. In the past hour the pair … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil, Gold Look To EU Summit And US Debt Debate For Guidance

Posted: 21 Jul 2011 02:18 AM PDT

Talking Points

Crude Oil Looks to EU Summit Outcome for Direction Cues
Gold Holds on to Safe-Haven Role Amid Macro-Level Jitters

WTI Crude Oil (NY Close): $98.14 // +0.64 // +0.66%
Prices continue to track broad-based risk appetite trends, putting the spotlight on the EU leaders' summit set to begin in Brussels. Sentiment got a bit of a boost overnight amid news of a Franco-German agreement on a plan for Greece ahead of the sit-down, but putting out the fire in the Mediterranean country in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Lower As EU Summit Eyed; DAX Down 0.75%

Posted: 21 Jul 2011 02:16 AM PDT

Forexpros – European stock markets were broadly lower on Thursday, as investors awaited the outcome of a summit meeting of European leaders later in the day, while shares in Ericsson tumbled after reporting weaker-than-expected earnings. <br /><br />During European morning trade, the EURO STOXX 50 edged 0.2% lower, France&rsquo;s CAC 40 shed 0.45%, while Germany&rsquo;s DAX 30 slumped 0.75%. <br /><br />Stock indices added to losses after data showed that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss ZEW Economic Expectations Drop Significantly In July

Posted: 21 Jul 2011 02:09 AM PDT

Forexpros – Economic sentiment in Switzerland dropped significantly in July, plunging by 34.6 points, data showed on Thursday.<br /><br />In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment tumbled to minus 58.9 in July, compared to a reading of minus 24.3 in June.&nbsp; <br /><br />A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.<br /><br />Following … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.K. Retail Sales Rise More-than-expected In June

Posted: 21 Jul 2011 01:37 AM PDT

Forexpros – Retail sales in the U.K. rose slightly more-than-expected in June, official data showed on Thursday.<br /><br />In a report, the U.K. Office for National Statistics said retail sales rose by 0.7% in July, above expectations for a 0.6% gain. <br /><br />The previous month&rsquo;s figure was revised to a decline of 1.3% from a previously reported 1.4% drop.<br /><br />Year-on-year, retail sales rose at an annualized rate of 0.4% in June, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Mixed Vs. Rivals As Euro Zone Summit In Focus

Posted: 21 Jul 2011 01:35 AM PDT

Forexpros – The U.S. dollar was mixed against its major counterparts on Thursday, after France and Germany announced that they had reached a joint deal on a strategy for dealing with Greece&rsquo;s debt crisis.<br /><br />During European morning trade, the greenback was weaker against the euro, with EUR/USD climbing 0.25% to hit 1.4250.<br /><br />Details of the deal between Germany and France were to be presented at a summit in Brussels of all 17 euro zone … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Dip On China Slowdown Concerns

Posted: 21 Jul 2011 01:24 AM PDT

Forexpros – Crude oil futures were down for a second day on Thursday, after data showed that manufacturing activity in China fell to a 28-month low in July, raising concerns over a slowdown in demand from the world&rsquo;s second largest oil consumer.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at USD97.92 a barrel during European morning trade, shedding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Higher Ahead Of U.K. Retail Sales Data

Posted: 21 Jul 2011 01:10 AM PDT

Forexpros – The pound was higher against the U.S. dollar on Thursday, trading close to a four-week high ahead of the release of U.K. government data on retail sales.<br /><br />GBP/USD hit 1.6200 during early European trade, the pair&rsquo;s highest since June 22; the pair subsequently consolidated at 1.6172, gaining 0.13%.<br /><br />Cable was likely to find support at 1.6039, Tuesday&rsquo;s low and resistance at 1.6262, the high of June 22.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Zone Manufacturing PMI Falls To 22-month Low In July

Posted: 21 Jul 2011 01:09 AM PDT

Forexpros – Manufacturing activity in the euro zone fell more-than-expected in July, falling to an 22-month low, preliminary data showed on Thursday. <br /><br />In a report, market research group Markit said that its preliminary manufacturing purchasing managers&rsquo; index fell to a seasonally adjusted 50.4 in July, down from 52.0 in June.<br /><br />Analysts had expected the index to decline to 51.5 in July. <br /><br />On the index, a reading above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Current Account (May) -5.2 Bln Vs. -5.1 Bln Prior Reading.

Posted: 21 Jul 2011 01:01 AM PDT

… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Broadly Weaker Dollar Erases Gains Against Yen

Posted: 21 Jul 2011 12:44 AM PDT

Forexpros – The broadly weaker U.S. dollar erased gains against the yen on Thursday, pulling away from the daily high after France and Germany announced that they had reached an agreement on how to deal with the Greek debt problem.<br /><br />USD/JPY pulled back from 79.02, the daily high, to hit 78.74 during late Asian trade, slipping 0.05%.<br /><br />The pair was likely to find short-term support at 78.45, the low of July 14 and a four-month low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


German Manufacturing PMI Drops To 21-month Low In July

Posted: 21 Jul 2011 12:42 AM PDT

Forexpros – Manufacturing activity in Germany fell more-than-expected in July, dropping to a 21-month low, preliminary data showed on Thursday.<br /><br />In a report, market research group Markit said that its preliminary German manufacturing purchasing managers&rsquo; index fell to a seasonally adjusted 52.1 in July, down from 54.6 in June.<br /><br />Analysts had expected the index to decline to 54.1 in July.&nbsp; <br /><br />A reading above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Edge Higher Ahead Of EU Summit

Posted: 21 Jul 2011 12:34 AM PDT

Forexpros – Gold futures edged higher on Thursday, reclaiming the USD1,600 an ounce level on the back of a broadly weaker U.S. dollar, while investors awaited the outcome of a summit meeting of European leaders later in the day.&nbsp; <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,602.55 a troy ounce during late Asian trade, climbing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Dips On Weak Chinese Manufacturing Data

Posted: 21 Jul 2011 12:17 AM PDT

Forexpros – The Australian dollar slipped against its U.S. counterpart on Thursday, after data showed that manufacturing activity in China slumped to a 28-month low in July.<br /><br />AUD/USD hit 1.0704 during late Asian trade, the pair&rsquo;s lowest since Tuesday, the pair subsequently consolidated at 1.0736, slipping 0.14%.<br /><br />The pair was likely to find support at 1.0598, Tuesday&rsquo;s low and resistance at 1.0787, the high of July 8.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Touches Record High On Greece Deal Hopes

Posted: 21 Jul 2011 12:02 AM PDT

Forexpros – The New Zealand dollar touched a record high against its U.S. counterpart on Thursday, as risk appetite was boosted by news that Germany and France had agreed a common position for dealing with Greece&rsquo;s debt.<br /><br />NZD/USD hit 0.8590 during late Asian trade, the pair&rsquo;s highest since exchange rate controls ended in March 1985; the pair subsequently consolidated at 0.8579, gaining 0.19%.<br /><br />The pair was likely to find support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Dip On Weak China PMI Data; Nikkei Flat

Posted: 20 Jul 2011 11:51 PM PDT

Forexpros – Asian stock markets edged lower on Thursday, after data showed that manufacturing activity in China fell to a 28-month low in July, while shares in exporters led losses in Japan.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index shed 0.1%, South Korea&rsquo;s Kospi Composite slumped 0.45%, while Japan&rsquo;s Nikkei 225 Index eased down 0.02%. <br /><br />The Markit/HSBC Chinese manufacturing purchasing managers&rsquo; index fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Hits 5-day High After Deal Reached On Greece

Posted: 20 Jul 2011 11:36 PM PDT

Forexpros – The euro was higher against the U.S. dollar on Thursday, climbing to a five-day high after France and Germany announced that they had reached a joint deal on a strategy for dealing with the Greek debt crisis.<br /><br />EUR/USD hit 1.4289 during late Asian trade, the pair&rsquo;s highest since July 14; the pair subsequently consolidated at 1.4284, gaining 0.49%.<br /><br />The pair was likely to find support at 1.4067, Tuesday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Trade Surplus Narrows More-than-expected

Posted: 20 Jul 2011 11:18 PM PDT

Forexpros – Switzerland’s trade surplus narrowed more-than-expected in June, official data showed on Thursday.<br /><br />In a report, Switzerland&rsquo;s Federal Statistics Office said the trade balance, or difference between imported and exported goods and services narrowed to CHF1.7 billion in June, down from CHF3.25 billion in May, whose figure was revised from CHF3.3 billion.<br /><br />Economists had expected the trade surplus to narrow to CHF2.5 billion in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Central Bank Of Brazil Lifts Selic Rate 25bps To 12.50%

Posted: 20 Jul 2011 11:11 PM PDT

The Banco Central Do Brasil increased the Selic interest rate by 25 basis points to 12.50% from 12.25% previously.  In its statement, Brazil’s Central Bank Monetary Policy Committee (Copom) said: ”evaluating the prospective scenario and the balance of risks for inflation, the Copom decided, unanimously, at this moment, to raise the Selic rate to 12.50% p.a., with a neutral bias.”  The statement dropped the use of the words “prolonged period” in terms of adjusting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Masco Corporation (MAS)

Posted: 20 Jul 2011 11:05 PM PDT

Masco Corporation (NYSE:MAS) is highly dependent on the U.S. housing industry. Falling prices have made homes a less lucrative investment to buyers, which reduces demand for Masco products. Rising prices of raw materials are also affecting margins to a large extent.
In addition, Masco is vulnerable to unfavorable currency fluctuations due to its extensive international presence. The company’s high dependency on a few individual customers offers little room for margin expansion. In the most recent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Post Properties, Inc.

Posted: 20 Jul 2011 11:05 PM PDT

One industry that is benefiting from the collapse in residential real estate is the apartment business. Apartment REIT Post Properties, Inc. (NYSE:PPS) is no exception. The company has delivered 7 consecutive positive earnings surprises as rents have increased and vacancies have fallen.
Earnings estimates have been rising over the last several months, sending the stock to a Zacks #2 Rank (Buy). Based on current consensus estimates, analysts are projecting 37% earnings growth in 2011 and 12% growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: WellPoint (WLP)

Posted: 20 Jul 2011 11:05 PM PDT

We are upgrading our recommendation on WellPoint (NYSE:WLP) to Outperform based on its ability to generate higher premiums and control costs, which enhances operational efficiencies. The company’s first quarter earnings came in above the Zacks Consensus Estimate, spurred by significant reduction in SG&A expenses and a jump in medical enrollment.
Additionally, the effort to bring down the rate of rising health care costs contributed to the increase. The sale of the NextRx subsidiaries also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Halliburton Co

Posted: 20 Jul 2011 11:05 PM PDT

Halliburton Co (NYSE:HAL) is fresh off the heels of another great quarter that lifted its share price to a new all-time high. Estimates have since jumped higher, providing more momentum for this Zacks #1 Rank stock.
Company Description
Halliburton operates as an oil-field and drilling services company worldwide. The company was founded in 1919 and has a market cap of $51 billion.
Energy and oil-field service providers have been seeing big gains in 2011 as explorers boost capital spending to cash … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Mitcham Industries

Posted: 20 Jul 2011 11:05 PM PDT

Mitcham Industries, Inc. (NASDAQ:MIND) is coming off of a record-setting quarter that has estimates darting higher. They did issue more shares, but that has actually moved estimates even higher.
Valuations look as pretty solid, especially considering earnings are expecting to grow by more than 4 fold over the next 2 years.
Company Description
Mitcham Industries, Inc. supplies geophysical equipment for the oil and gas industry, environmental agencies, universities and other organizations. They have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 20 Jul 2011 10:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4259, up 0.31% at time of writing.<br/><br/> The pair was likely to find support at 1.4015, Monday&rsquo;s low, and resistance at 1.4274, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.8818 and EUR/JPY rising 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up In Asian Trade

Posted: 20 Jul 2011 10:25 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6172, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.6006, Monday&rsquo;s low, and resistance at 1.6178, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.20% to hit 0.8820 and GBP/JPY rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 20 Jul 2011 09:55 PM PDT

Forexpros – The Euro was higher against the Swiss Franc on Thursday.<br/><br/> EUR/CHF was trading at 1.1726, up 0.61% at time of writing.<br/><br/> The pair was likely to find support at 1.1406, Monday&rsquo;s low, and resistance at 1.1750, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.34% to hit 1.4264 and EUR/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/GBP To Test Important Resistance Ahead Of The EU Summit

Posted: 20 Jul 2011 09:34 PM PDT

Prev: The Euro's Setups Ahead of the EU Summit (7/20 Video)
EUR/GBP

0.8850 and 0.8890 Resistance:
- It is less than 24 hours from the EU summit in Brussels and the EUR/GBP market is pushing higher revealing a slight mood of optimism or at least fading pessimism surrounding the debt crisis.
- As we near the start of the European session, which will end right before the start of the meeting, the EUR/GBP is nearing an important pivot at 0.8850. A break above suggests bottoming effort in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During Asian Trade

Posted: 20 Jul 2011 09:25 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday.<br/><br/> USD/CHF was trading at 0.8208, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 0.8091, Monday&rsquo;s low, and resistance at 0.8278, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.30% to hit 1.4258 and USD/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Andy Schectman: Silver Out Selling Gold 65 To One

Posted: 20 Jul 2011 09:18 PM PDT

Dave Skarica: Gold To Rise As The Dollar Weakens

Posted: 20 Jul 2011 09:16 PM PDT

Forex – EUR/GBP Up During The Asian Session

Posted: 20 Jul 2011 09:00 PM PDT

Forexpros – The Euro was higher against the British Pound on Thursday.<br/><br/> EUR/GBP was trading at 0.8823, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 0.8706, Monday&rsquo;s low, and resistance at 0.8830, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.27% to hit 1.4254 and EUR/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down During Asian Trade

Posted: 20 Jul 2011 08:35 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of Japanese data on Trade Balance.<br/><br/> USD/JPY was trading at 78.69, down 0.11% at time of writing.<br/><br/> The pair was likely to find support at 78.67, today&rsquo;s low, and resistance at 79.32, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japan&rsquo;s trade balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up In Asian Trading Hours

Posted: 20 Jul 2011 08:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Thursday.<br/><br/> USD/CAD was trading at 0.9478, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 0.9458, Wednesday&rsquo;s low, and resistance at 0.9635, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.20% to hit 1.4244 and GBP/USD falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Markets In Everything: Private Job Loss Insurance

Posted: 20 Jul 2011 07:42 PM PDT

Income Assure is a private insurance company that sells supplemental unemployment insurance so that you can maintain 50% of your income if you lose your job.  The company covers the difference between 50% of your monthly income and what your state pays for unemployment compensation.  Monthly premiums vary by state, occupation and income level, here are some examples for workers in the state of Maryland with an annual salary of $60,000:

Construction: $62.20 per month
Leisure and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down During Asian Trade

Posted: 20 Jul 2011 07:30 PM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Thursday.<br/><br/> AUD/USD was trading at 1.0739, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.0561, Monday&rsquo;s low, and resistance at 1.0773, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.40% to hit 1.3276 and AUD/JPY falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Thursday 21 July

Posted: 20 Jul 2011 07:09 PM PDT

Market retreat as US market slipped on debt fears. Major indexes end slightly lower a day after the Dow industrials post their best performance since December, with investor uncertain as the debt-ceiling issue remains unresolved.

France and Germany reportedly reach an agreement over a Greek bailout package, sending the euro higher in early Asian trading.

Japanese and Korean markets move lower, though Australian stocks edge higher, with a key European meeting on the Greek debt crisis on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 20 Jul 2011 07:05 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4252, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 1.4015, Monday&rsquo;s low, and resistance at 1.4274, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8816 and EUR/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Up During Asian Trade

Posted: 20 Jul 2011 06:35 PM PDT

Forexpros – The Euro was higher against the Japanese Yen on Thursday after the release of Japanese data on Trade Balance.<br/><br/> EUR/JPY was trading at 112.28, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 110.66, Monday&rsquo;s low, and resistance at 112.52, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japan&rsquo;s trade balance fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis For July 21, 2011

Posted: 20 Jul 2011 08:45 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude       
The CL contract was very quiet on Wednesday as traders simply are content to trade back and forth in a tight range. The overall bias is to the upside, but it should be said that the $100 level looks formidable as a barrier. Buying on dips is what we recommend unless we can break the $95 level, which would have us looking for $90 in short order.

Brent
The Brent market was slightly more positive on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For July 21, 2011

Posted: 20 Jul 2011 08:44 AM PDT

By CommoditiesMansion.com

 
The natural gas markets fell on Wednesday, dropping down to look for support. The afternoon in US trading found buyers coming in at the $4.40 mark, and only confirms how serious the support area in that area really is. We like buying dips, as this market seems to be content to trade between $4.20 and $4.80 or so.

Originally posted here

Read about crude oil and the oil price at CrudeOilInventory.net.
About CommoditiesMansion.com:
CommoditiesMansion.com is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis For July 21, 2011

Posted: 20 Jul 2011 08:43 AM PDT

By CommoditiesMansion.com

 
The gold markets had a very bullish day on Wednesday, as the market initially fell, but then bounced back towards the afternoon session in America. This shows just how supported the market is. However, it should be noted that we certainly have seen a lot of buying recently, and a pullback is very much needed. We will be looking to buy on dips, as that strategy continues to work out.

Originally posted here

Further information about crude oil price and crude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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