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Pairs in Focus – WTI Crude Oil, Gold, Silver, CAC 40, Natural Gas, USD/CAD, NASDAQ 100, EUR/USD
The last week has seen Light Sweet Crude take off to the upside, which makes a significant amount of sense due to the massive amount of tension in the Middle East that seemingly won't go away. At this point, it looks very much like a market that is trying to get to the $85 level. Short-term pullbacks will more likely than not continue to be a buying opportunity on shorter-term charts. The gold market has fallen below the $4.000 level again during the week, but also still facing a lot of pressure as traders worry about the overall interest rate situation and, of course, whether or not the interest rates continue to ... (full story)
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dhilloshb
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