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To: NickSE who wrote (40598)5/12/1999 9:06:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 86076
 
XO, that's why I bailed on my xau put. Money in the bank and I wasn't sure of the direction. The weekly crude chart broke through the uptrend channel today ... to the downside. I think 16 is a decent test but commodities always seem to overshoot the swings.



To: NickSE who wrote (40598)5/18/1999 12:43:00 PM
From: NickSE  Read Replies (1) | Respond to of 86076
 
Update:

XAU is trying to break support @ 64, next stop 57/58 if it doesn't hold. June gold (gcm9) has broken support at 276, next stop ???. June oil (clm9) has broken support @ 17.4, next stop 16.30. OSX will probably test support @ 68 as a result.

#reply-9500010

Nick