4 Jul 2013
Gold settles around $1250
FXstreet.com (Barcelona) - Gold is last trading in the Asia-Pacific unchanged for the session so far at $1254, ahead of a holiday in NY, with major US markets closed.
Oil takes a breath below $102
Oil has eased to recent $101.30 for the light crude August contract from yesterday's Asian session and overnight's NY session double high at $102 round. Silver in the other hand holds above the $19.50 mark, capped below the $20 handle.
Potential reverse h&s building in Silver
According to FX Charts analyst Jim Langlands, Silver “may well resume its downtrend at any time.” Langlands goes on to add: “There is a potential reverse head/shoulder formation building and if it can take out the neckline at around 20.10 then we could see an acceleration north.”
Oil takes a breath below $102
Oil has eased to recent $101.30 for the light crude August contract from yesterday's Asian session and overnight's NY session double high at $102 round. Silver in the other hand holds above the $19.50 mark, capped below the $20 handle.
Potential reverse h&s building in Silver
According to FX Charts analyst Jim Langlands, Silver “may well resume its downtrend at any time.” Langlands goes on to add: “There is a potential reverse head/shoulder formation building and if it can take out the neckline at around 20.10 then we could see an acceleration north.”