GAS:
Quickpost this image to Myspace, Digg, Facebook, and others!ED
Quickpost this image to Myspace, Digg, Facebook, and others!Best of success everyone. And hope they put politics aside and pass -a- bill to settle the market.
As for Gold and Oil
- OIL: plenty of reasons for it to continue down trend and plenty of reasons otherwise, I will wait for the chart to tell me.
- GOLD: well if the bill does get passed, it should drive down USD against other currencies and drive down interest rate too. So Gold is still bullish. Waiting for the chart on the next bounce.
Well, I am first technician second structural. So my macro reasons will always be additional evidence to the charts.
Utilities bullish fits, because as the rate goes down, utilities usually goes up because it give hefty dividends.
shorts: weekend
longs:GAS, ED
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