Wednesday, September 23, 2009

Sept 23 Market Commentary - Gold and Oil

Crude Inventories were released today and there was a build of over 2.8 million barrels insted of the decrease they were expecting of 2.25 Barrels.... you can see the reaction of the traders; needless to say a difference of 5 million barrels is still rather significant even with the falling USD

here is an up date of the daily Gold chart:

this is the chart with a 5 min bar to show the effect after the FOMC meeting, it was almost like a rocketship

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