Gold, Oil, USD: This Week
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This Week's Summary: Trends preparing for reversals-- Gold should be nearing a local high. The USD should be turning up. The anticipated bounce in crude should be nearing completion, and the downtrend resume.
WTI CRUDE (CL)
Big Picture: Last week's anticipated bounce in crude should be nearing completion, and the downtrend ready to resume.
GOLD (GC)
Big Picture: Gold should be completing its bounce this week or next and start another leg down.
Trigger levels: for this week, there's added risk to be long below 1210 (GC Z), and to be short above 1213.
U.S. DOLLAR (DX)
Big Picture: The USD should be ready to turn up again. 95 is the uptrend / downtrend line in the sand.
