Wednesday, June 15, 2011

Oil could bounce from here...

On a day where Gold is rocksolid against a crashing EURO (1.4138) we want to have a look how far the Liquidation could go on 'the other GOLD', namely OIL.

With WTI around 95 (down 4+% !!) there could be some interesting opportunity for the brave (if they are not afraid of the falling knife).

On the other side as long as we see more DOLLAR strength I'd rather prefer the original GOLD ....


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