Market Commentary
In the past few days crude oil has jumped an amazing 10% in value just when everyone was getting prepared for life in the lower 40's and beyond. A strong US economy translates into demand for crude oil. Prices may move to and fro with speculators driving the price but always prices settle back to solid physical fundamentals and equilibrium of market demand for market supply. Conversely the US DX lost some shine as the EUR began an impressive fightback against the shorts.
US DX
93.776 -0.042 -0.05%
Support 92.471 Resistance 95.551
EUR
1.14661 +0.01226 +1.08%
Support 1.12270 Resistance 1.16710
Crude Oil
52.29 -0.76 -1.53%
Support 47.78 Resistance 56.88
Gold
1262.615 -12.400 -0.97%
Support 1,236.8 Resistance 1,298.2
Pieter Bergli - DeLoren Trust Holdings
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