Currencies and Gold

Similar to yesterday morning, we have the dollar index and the yen futures in sell zones while the EC and gold are in buy zones. The BP also now is in a buy zone. I'll be watching initially for moves to 87.45 in the DX and 1.0425 in the yen to establish puts and or short futures positions (details on entry levels and stops to come if we approach those general levels). Also, I'm looking for 1.2550 in the EC, 1.4910 in the BP, and 731 agin in gold to establish long positions. Again, I'll update specific stop levels as we appoach those levels.

Gold is set up similar to yesterday so we have the same trade: buy 731 (today with a $6 stop) and a, sell 747.


There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results