Saturday, 29 November 2014

Oil $66 and Gold $1166 heading south

WTIC hit $66 and Gold $1166 on Friday 28 November. ASX200 the Australian commodity heavy market also broke down and his heading for another test of 5150. Currently, the market is at 5313, so look for another 3% downside and possible test of 5000 by year end.

Oil has a long term target of $50 and Gold looks like it will get to $1080 by year end




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