Gold, Oil & Indices (Equity & Bond Indices)

WM, Oil regains 86. Connecting the daily trend line from the April 6 high we get resistance at 86.46. meanwhile CRB (which is 23% dominated by oil) is testing the 280 resistance.


Ashraf

Gunjack,

It's not as much about being a perpetual bear or bull as it is about being smart enough to get in...and get out of trades.

Where was the script...and the bulls when oil was at 82.50 yesterday? Bullshitting? :p Most importantly, where will the bulls be if oil rescinds to 80 again?

Btw, sorry, are you talking about Ashraf? He said, as recently as today, that oil would fall to 80...and possibly to 77 (please go & check the IMT).

Gunjack...you naughty & cheeky!


Asad

@Nzvik: Funnily enough, one of the You Tube videos I found by chance in my recent excursion there was by some people called Tradeguider.com. These people seem to be into VSA (Volume Spread Analysis) in a big way. The interesting thing was that they claimed that there _was_ a way of using volume with Forex. Shouldn't be too hard to find on You Tube if anyone is interested.

Please note: I have no connection with them or any other outfit peddling products or services on the net.

I got quite interested in VSA at one time, but later came to the conclusion that it was just one more Holy Grail that wasn't.

Oil , trying to reverse course, could erase the last five loosing session... watch out

Did everyone cover their shorts on GOLD, if you didn't, you may want to listen to this to soften the blow: http://www.last.fm/music/George+Harrison/_/My+Sweet+Lord