Market Commentary
The EUR bounces back today as fears about Greece start to wane but the consensus of analysts is further depreciation of the EUR in the long term as the US DX gains strength. EUR has gone through the 2005 low at 1.1640 and
is now trading at its lowest since November 2003. Oil stabilizing as large speculators run out of steam and reasons to push crude oil any lower than 45 dollars. Gold beginning to look overbought and a sharp pull back is due.
US DX
93.579 -0.014 -0.02%
Support 92.881 Resistance 95.091
EUR
1.146780 +0.011550 +1.02%
Support 1.12350 Resistance 1.16250
Crude Oil
45.24 +0.74 +1.52%
Support 45.04 Resistance 54.72
Gold
1264.46 -7.76 -0.61%
Support 1,246.0 Resistance 1,283.0
Pieter Bergli - DeLoren Trust Holdings
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