Monday, 1 April 2013

2pm update - more expected

The indexes are battling to claw back to flat. It won't be easy, but we'll surely see the market trading in the 1575/80 zone by late Wednesday. Oil is similarly trying to claw back to evens, whilst Gold is holding moderate gains of $4. Silver remains very weak, but is trying to rebound.


USO, daily2


Not exactly the most exciting of days, not least whilst many are still on an Easter break. Tuesday should see much more dynamic trading, not least in the metals.

*Oil will probably be a viable short once the market shows more sign of a solid ceiling later this week. USO could easily break into the low 35s