June 13, 2012 09: 00 GMT 
Talking Points
Copper at risk as US retail sales data threatens to sink a sense of gold and silver can fall US Dollar is renewed support Haven flows of crude oil prices, are walk water in European trade, as markets digest the recent volatility, but the possibility of return risk aversion appears more and more likely. Traders are likely to turn defensive as the instability of the eurozone jitters return before Greek elections at the end of week, where membership in the block of the currency of the country appears to hang in the balance.
Retail sales report we today may serve as a trigger. Expectationscall decrease of 0.2 per cent of the forums, marking the first contraction in a year. Unknown criticism in the prospects of economic growth world is the degree to which a recovery in North America still troubled may offset the winds of weakness in Europe and Asia. Taken on a background of fading there Paris after stimulation disappointed of the week last Ben Bernanke testimony hope, this means that a fresh impression rises to feelings.
Future of S & P 500 stock index are sinking deeper into negative territory before the Wall Street opening bell, strengthens the case for a risk-free session. This situation send the crude oil and copper lower of the following while the gold and silver come under pressure in the middle of recovering demand for shelter for the US Dollar.
WTI crude oil (near NY): $83.32(1) / / + 0.62 / / + 0.75%
Price builds 83.30 expansion of 14.6% of Fibonacci, challenge the barrier of 23.6% to 81.07. A break below this limit is 80.00 figure and 38.2% Fib to 77.33. 14.6% Expansion has been redesigned as a resistance in the short term, with a rear thrust above which targets June 7 in figure 87.00.
Daily chart - created with FXCM Marketscope 2.0
Spot Gold (near NY): $1609.80 / / + 13.03 / / + 0.82%
Bat prices back above the figure of 1600/oz to challenge resistance to the 1616.23 at the intersection of the tracing of 61.8% Fibonacci and a trend line drops from early March. A break above this limit exposes the 76.4% Fib to 1637.35. The level of 1600 has been redesigned as a support in the short term, with additional strengthening from with the permission of the tracing of 50% to 1599.17.
Daily chart - created with FXCM Marketscope 2.0
Cash (near NY): $28.97 / / + 0.41 / / + 1.42%
Price breaks above the resistance of 28.70, exhibitor 29.71 as the next to the barrier. In this spirit, the general structure appears to be showing a graphic training of flag, an downward continuation. Confirmation is required on a daily close below the model - now in 62.54 - which would expose 27,06 as the next objective of disadvantage.
Daily chart - created with FXCM Marketscope 2.0
COMEX E-Mini Copper (near NY): $3.336 / /-0.008 / /-0.24%
Prices appear to be due to resistance to the top of a channel which falls on 1 may, high, exhibitor 3.384 23.6% Fibonacci allows the swing. A break above this limit is the 38.2% Fib 3.474. The top of the channel, now at 3.319, was reworked as a short-term support.
Daily chart - created with FXCM Marketscope 2.0
Talking PointsCopper at risk as US retail sales data threatens to sink a sense of gold and silver can fall US Dollar is renewed support Haven flows of crude oil prices, are walk water in European trade, as markets digest the recent volatility, but the possibility of return risk aversion appears more and more likely. Traders are likely to turn defensive as the instability of the eurozone jitters return before Greek elections at the end of week, where membership in the block of the currency of the country appears to hang in the balance.
Retail sales report we today may serve as a trigger. Expectationscall decrease of 0.2 per cent of the forums, marking the first contraction in a year. Unknown criticism in the prospects of economic growth world is the degree to which a recovery in North America still troubled may offset the winds of weakness in Europe and Asia. Taken on a background of fading there Paris after stimulation disappointed of the week last Ben Bernanke testimony hope, this means that a fresh impression rises to feelings.
Future of S & P 500 stock index are sinking deeper into negative territory before the Wall Street opening bell, strengthens the case for a risk-free session. This situation send the crude oil and copper lower of the following while the gold and silver come under pressure in the middle of recovering demand for shelter for the US Dollar.
WTI crude oil (near NY): $83.32(1) / / + 0.62 / / + 0.75%
Price builds 83.30 expansion of 14.6% of Fibonacci, challenge the barrier of 23.6% to 81.07. A break below this limit is 80.00 figure and 38.2% Fib to 77.33. 14.6% Expansion has been redesigned as a resistance in the short term, with a rear thrust above which targets June 7 in figure 87.00.
Daily chart - created with FXCM Marketscope 2.0Spot Gold (near NY): $1609.80 / / + 13.03 / / + 0.82%
Bat prices back above the figure of 1600/oz to challenge resistance to the 1616.23 at the intersection of the tracing of 61.8% Fibonacci and a trend line drops from early March. A break above this limit exposes the 76.4% Fib to 1637.35. The level of 1600 has been redesigned as a support in the short term, with additional strengthening from with the permission of the tracing of 50% to 1599.17.
t at 1599.17.
Daily chart - created with FXCM Marketscope 2.0Cash (near NY): $28.97 / / + 0.41 / / + 1.42%
Price breaks above the resistance of 28.70, exhibitor 29.71 as the next to the barrier. In this spirit, the general structure appears to be showing a graphic training of flag, an downward continuation. Confirmation is required on a daily close below the model - now in 62.54 - which would expose 27,06 as the next objective of disadvantage.
ective.
Daily chart - created with FXCM Marketscope 2.0COMEX E-Mini Copper (near NY): $3.336 / /-0.008 / /-0.24%
Prices appear to be due to resistance to the top of a channel which falls on 1 may, high, exhibitor 3.384 23.6% Fibonacci allows the swing. A break above this limit is the 38.2% Fib 3.474. The top of the channel, now at 3.319, was reworked as a short-term support.
as near-term support.
Daily chart - created with FXCM Marketscope 2.0
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