Wednesday, 20 February 2013

2pm update - got a spare minute?

FOMC minutes are due at 2pm..and that will probably seal the fate of the market for the next 5-7 trading days. The levels are clear, a basic retracement would be somewhere around 1490/80. Metals remain especially vulnerable, not least if the dollar manages to break into the USD 81s.


sp'daily7 - fib levels



..awaiting the press release. No doubt the cheer leaders on clown finance TV are about to get a little hysterical.

Brace yourself.

ohh.. and eyes on those metals..and Oil.

Major prices snaps...

metals lower..., gold -35, silver -$1

USD.. breaks into the 81s.. this is pretty much the most important issue of the day now.
Oil -2.6%