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Thursday, May 17, 2012

> Crude Oil, Gold May Recover as Greece Eurozone Exit Fears Digest

Oil, copper, similar in scope to recover Greece fears Digest
Gold and silver may rise as US dollar following the recent advance
Commodity prices are booming in the early European trade, with markets showing signs of tentative recovery in risk appetite. A corrective rebound seems reasonable. The prospect of Greece leave the euro zone - the catalyst behind the recent defeat in the entire spectrum of risky assets - seems exhausted, the strike force have provided that the dealer a repeat of the general elections of 15 expected in June to its key to make in a position. Meanwhile, the flow of negative messages out there, probably in the price and enter the promotion of a period of profit taking.
S & P 500 stock futures are a fixed point before the opening bell on Wall Street that the feeling-oriented crude oil and copper prices are expected to continue to recover all the gold and use means money to Haven demand for dollar the scene of a to relieve pull-up. The feelings of the U.S. economy may help too much. Initial jobless claims and expects to print, bottom, meets with the former the lowest level in six weeks to 365K, while the second provides a more than four years at 3225K. In addition, the indicator of the Philadelphia Fed's business climate index recovering May, since after reaching the lowest level in April in three months. Finally, the CLI increased by 0.1 percent seen in April, to mark the seventh consecutive year, hitting the highest level since June 2008.
WTI Crude (NY Close): $ 92.81 / / -1.17 / / -1.24%
Price put in a roundabout candlestick above support at 92.51, the December low of 16, suggesting a recovery on the rest. The lines of the initial resistance to 95.41 in February, 2 Session. Low also renewed with the sale of support exposes 90.49.

Crude_Oil_Gold_May_Recover_as_Greece_Eurozone_Exit_Fears_Digest_body_Picture_3.png, Crude Oil, Gold May Recover as Greece Eurozone Exit Fears Digest

Graphic Journal - Created using FXCM MarketScope 2.0
Gold Point (NY close): 1,539.57 $ / / -4.64 / / -0.30%
Price put in a spinning chandelier over support in the area from 1532.45 to 1522.50, marked by the 26th September and 29 December pin minimum, which may suggest a rebound on the rest. The first line of resistance to 1561.03, Fibonacci retracement of 23.6%. In addition, a pulse, supported 1500/oz image.

Crude_Oil_Gold_May_Recover_as_Greece_Eurozone_Exit_Fears_Digest_body_Picture_4.png, Crude Oil, Gold May Recover as Greece Eurozone Exit Fears Digest

Graphic Journal - Created using FXCM MarketScope 2.0
Silver Point (NY Close): $ 27.22 / / -0.51 / / -1.84%
The prices are supported by the recovery 6:27 closing session of 28 December marks, with a view to the recovery of the initial thickness ranging from 28.54 to 70 broken by a previous level of support and marks the bottom of a channel has been set up in early March. Moreover, thanks to a boost in support, makes the region from 26.05 to 15 of 26 September and 29 December marked minimum peak.
Crude_Oil_Gold_May_Recover_as_Greece_Eurozone_Exit_Fears_Digest_body_Picture_5.png, Crude Oil, Gold May Recover as Greece Eurozone Exit Fears Digest
Graphic Journal - Created using FXCM MarketScope 2.0
E-mini COMEX Copper (NY Close): $ 3.478 / / -0040 / / -1.14%
The prices are mounting a storage area recreation 3459, 50% retracement Fibonacci, with the buyers to see the original strength of 3584 by the Fibonacci levels of 38.2% marks. In addition, an investment makes to the support of the decline from 61.8% in 3334th
Crude_Oil_Gold_May_Recover_as_Greece_Eurozone_Exit_Fears_Digest_body_Picture_6.png, Crude Oil, Gold May Recover as Greece Eurozone Exit Fears Digest

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