11am update - commodities on the rise

US equities are in minor chop mode, with the sp' likely to remain stuck in the 1990/70 zone until Thursday afternoon. With the USD cooling, -0.4% in the DXY 95.20s, commodities are seeing some upward pressure, Gold +$14, whilst Oil is +3.2% in the $46s.


GLD, daily

USO, 60min

Summary

*with the Oil inventories coming in -2.1 million, Oil looks on track... there is viable upside into next week.
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Little to note.

Today should be considered a 'quiet day' before a likely busy Thursday.. so I'm taking it slow.

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stay tuned


11.18am..  EXITED USO-long from $15.40   ... 

5min

...very pleased.. on what is a hyper climb this hour