JUN GOLD Resist: 130350*, 130770, 131350* ST Trend: Sdwys/Down
(130160) Supprt: 129860, 129400, 128900- Obj: None TRP: 1313.50
Comment: The market still shows a short term bear trend, but rebounding action off 129000- is suggesting
a near term low, calling for corrections. A close over 130350* will boost rallies to challenge 131350*
resistance. A close under 129400 is needed to renew bear forces and send another test under 129000-.
MAY SILVER Resist: 15285?, 15355* ST Trend: Sdwys/Down
(1522) Supprt: 1514, 1509, 15015*- Obj: None TRP: 15.355
Comment: The market is overall still short term bearish, but a close under 1509/15015* is needed to renew
bear trending to reach for 1479. The rebounding action the past few days gives near term positive signals
and suggests a recovery to test 15355* resistance. A close over 15355* secures a short term reversing
turnaround and projects a climb to 1557.
MAY CRUDE OIL Resist: 6600, 6900+/- ST Trend: Up
(6440) Supprt: 6367, 6289, 6208*- Obj: 6344 ACHD TRP: 62.08
Comment: The market pushed past 6344*+/- resistance, opening up potential for a run to 6600+/-. Trade is
poised for rallies and creating a chance for a blow off near 6900. Any corrective setbacks should try to hold
6208* to keep strong bull forces. A close under 6208* cautions for a drop along the upturn levels near
6000.
RECOMMENDATIONS:
JUN EURO: Longs at 11333 Stop should risk a close under 11298 or 11287 Stop. The objective is 11427