http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=55618&sn=Detail

Sweet Crude seems to have broken resistance and is looking higher in the coming days. A move below 138.59 might delay it.

Gold mad one hell of a move last week but in the big picture it is still in a right shoulder, losing count of how bloody many it’s making but it’s still got a little further to go, if it carries on further up, we could see a break of it and a continuation of the larger uptrend. A break upwards of 976.18 should confirm it.

EUR/USD on the 4HR has broken a resistance line and is looking at further gains but it has been going up since 1.54 (currently 1.57) so some consolidation should be in order.

GBP/USD I think the same for them.

The global indices have made some great falls as predicted, more moves down are still in the cards.

As a side note, some interesting things overall on the two large currencies have been happening that could be calling for something big to happen. The USD’s fall has attributed alot to the growth in commodities (though they won’t admit it, they’d rather make back their profits with regulation) and then the Euro failed with Irelands vote which seems to be effecting other countries who were thinking of joining. Just something to ponder about…

Here’s an article from IHT about speculation in the markets. I’ve always seen regulation as a money making raquet and it will always be because certain persons within government notice the ways to make money from it and keep pushing with their own agendas. I take this exerpt from the article that says it all:

“So speculators become the ballast in the market, making the contrary trades, taking on the risks the hedgers want to shed, reacting quickly when news jolts the markets and, most importantly, creating liquidity by pouring in enough money to allow everyone to make very large trades quickly without causing wild price swings.”

It seems through history whenever the states notice something int he financial markets going against them, they jump in and change the game to their pockets aka gold standard, Brettonwoods etc. If they touch speculators now… this will be a heavy hit to anything that consumers purchase and rely on.

http://www.iht.com/articles/2008/06/12/business/speculate.php?page=1

Previous posts have been deleted since restructuring and a change in direction of operations and we will be starting a fresh wave of market analysis soon.

Thanks