19 Jul 2013
Oil again at $108, not seen since March 2012
FXstreet.com (Barcelona) - Gold is last trading at $1284, still inside the range started past July 11, limited to the upside by the big $1300 figure, but still supported by short term ascending trend line coming from July 05 lows, just less than 2 weeks away from August futures contract “last trading day.”
Silver has remained unchanged from previous Asia-Pacific open, last at around the $19.39 spot price, showing weakness below the $19.60 level, Monday's lows. The gold:silver ratio keeps above the 66 level, near multi-year highs.
Oil keeps making fresh 15-month highs, last trading at $108 round for the August contract, while Sept is slightly lower at $107.7, following yesterday's lower than expected crude oil reserves data. Light crude is up more than +16% since late June when bouncing off the 200 DMA, starting to look overbought at the moment on the RSI 14 at above the 70 level.
Silver has remained unchanged from previous Asia-Pacific open, last at around the $19.39 spot price, showing weakness below the $19.60 level, Monday's lows. The gold:silver ratio keeps above the 66 level, near multi-year highs.
Oil keeps making fresh 15-month highs, last trading at $108 round for the August contract, while Sept is slightly lower at $107.7, following yesterday's lower than expected crude oil reserves data. Light crude is up more than +16% since late June when bouncing off the 200 DMA, starting to look overbought at the moment on the RSI 14 at above the 70 level.