GO LONG AT AROUND 1987 ZONEYesterday after the US Cpi, Dollar moved on the upper foot and turned strong, And hence there was a short selling across on Commodities, Today we will expect an impulsive force from this level for Re-selling Gold again.
Managedinvestment
SELL XAU/USD @ 2031 With objective of 2017 Nose Dive.Today we are short on Gold, The Friday selling impulse after the NFP data should continue today, And looking to match our targets of 2017 soon in the US session.
The second wave was a reversal of that after the Friday jobs data, in which bonds were sold off heavily in the aftermath. That led to 10-year Treasury yields rising back above the 4% mark:
SELL WTI (XTI/USD) 77.15 , With 180 PIPS OBJECTIVEWe are going short on Crude Oil, Due to adjustment of sentiments, and expect to move lower.
News: Drone Strike Heightens Supply Fears
Crude oil prices witnessed a surge on Monday due to increased tensions in the Middle East. A drone attack targeting U.S. forces in Jordan, believed to be orchestrated by Houthi rebels, has raised concerns over potential disruptions in oil supply. This situation is compounded by repeated assaults by the Houthis on vessels navigating the Red Sea, notably impacting a fuel tanker operated by Trafigura. Traders are now awaiting a response from the United States that could escalate the turmoil in the area.
The price action has been volatile early in the session with crude oil jumping substantially on the opening, but then pulling back more than $1.00 as traders sold the initial rally. The lack of speculative buying to sustained the price surge likely led to its intraday collapse.
The price is likely to collapse again when the dust settles.
