SAN FRANCISCO (MarketWatch) -- Gold added to its advance and oil retreated further after ratings agency Standard & Poor's had revised the outlook for U.S. debt to negative on Monday. Gold for June delivery /quotes/comstock/21e!f:gc\m11 GCM11 +0.26% most recently added $3.60, or 0.3%, to trade at $1,490.20 an ounce on the Comex division of the New York Mercantile Exchange. It earlier had traded around $1,497 an ounce after the news. Oil traced the opposite arc, and crude for May delivery /quotes/comstock/21n!f:cl\k11 CLK11 -1.60% most recently traded $1.84 lower at $107.80 a barrel on the Nymex. It had traded as low as $107.60 a barrel.
Stokcs, Metals, Energy, Forex, Crypto
Monday, April 18, 2011
Gold advances, oil posts losses
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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Pivot: 78.45 Our preference: Short positions below 78.45 with targets @ 78.05 & 77.85 in extension. Alternative scenario: Above 78....
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Pivot: 92.85 Our preference: SHORT positions below 92.85 with 91.55 & 90.8 as next targets. Alternative scenario: The upside break...
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ALL commodities price are are topping out it recent highs. All price are below pivot points now on today's trading range. There are can ...