Thursday, July 19, 2012

19/07/2012 Market review

Markets are pushing higher with better than expected earnings, and relief resulting from the strong message of European Politicians concerning the steps that are going to be taken to solve the ongoing crisis.

Sp index is trading around 1375, there is a strong resistance around this level, and the next level would be the year high 1422.

Gold is still in the triangle mentioned last week. But the breakout is coming soon with the trading range getting tighter and tighter.


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