Gold is bullish above 551.20 and bearish below. Should oil drop any further, easing concerns over inflation, YG (April contract) could lose that 50% 2006 support. I also think there is a real possibility that the Iranian crisis quiets down as talks begin. A breakout above 557.80 negates any short term potential bearishness.
This entry was posted
on Sunday, March 19, 2006 at 1:23 PM.
