It’s a pity to say that chaos, where people are dying, creates some very good trading opportunities, but it’s reality. Scalping is the name of the game . Reality “forces” us to trade Gold and Crude Oil.
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Breaking News: Chaos in Syria, Libya, Gold Mining Strike create great Trading Opportunities in Gold, and Crude Oil
1. Resources for the Independent Trader Blog
Breaking News: Chaos in Syria, Libya,
Gold Mining Strike create great Trading
Opportunities in Gold, and Crude Oil
Crude advances as Obama seeks support on Syria.
Lower Libyan oil output pushes energy prices higher
04/09/2013 - 07:17 - Crude Oil hits session low at 107.80 down from today's high at
108.59. Last trade at 107.84.
Congress moves to approve Syria strike
RT - 10 hours ago
Obama's battle to get congressional approval for a military strike on Syria moved a step
closer Tuesday, with leaders of both parties in Congress announcing that the United
States should respond to Syrian President Assad's alleged use of chemical weapons.
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Dear Reader,
It’s a pity to say that chaos, where people are dying, creates some very good trading
opportunities, but it’s reality. Scalping is the name of the game. Reality “forces” us to
trade Gold and Crude Oil.
Investors fear US intervention could lead to a wider conflict in the politically volatile
West Asia, a key source of the world’s crude oil supplies.
When risk aversion subsides, there is greater demand for riskier assets and higher
yielding currencies like the Canadian, Australian and Kiwi dollars. One of the best
starting points to determine whether to buy or sell a currency is to monitor economic
and global news that contribute to risk sentiment.
A recent example of this type of dynamic is the euro currency selling at a 16 month low
versus the USD in reaction to concern about the EU debt crisis. Economic and regional
news that shows escalation in the EU debt crisis may spark additional selling pressure of
2. the euro. Positive news that dampens fears about the crisis may encourage buying of the
currency.
You should always be ready to take these opportunities to boost your profits. I believe
traders should have an emergency fund (Not necessary with your broker, but money you
can immediately have available to transfer, but this could also losing time, speak with
your broker, and see how your fund can bring in some money, whilst waiting for
opportunities to trade. available to utilizing these opportunities. However, you should
have an exit plan to ensure that you don’t lose all your profits. Reliable analysis and
alerts fro your Forex Broker(s) is valuable. Choosing these brokers are essential in your
trading plan. I recommend that you should have a diversified trading accounts (Spot
Gold and Crude Oil) to give you the best options and benefits these brokers offer.
CRUDE OIL Near Term: Upside favored
Time: 04-09-2013 03:31:00
Pivot: 107
Our View: Long position above 107. Target 108.8. Conversely, break below 107, to
open 106.4.
3. Comments: The pair remains supported. Further advance favored.
Key levels
110.70
110
108.80
108.24 Last Price
107
106.4
105.5
--
GOLD Near Term: Upside favored
Time: 04-09-2013 03:19:00
4. Pivot: 1398
Our View: Long position above 1398. Target 1415. Conversely, break below 1398, to
open 1391.
Comments: The pair remains supported. Further advance favored.
Key levels
1433
1423
1415
1412.42 Last Price
1398
1391
1384
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Pierre A Pienaar
Retired in 2011 from trading and business.
I would like to share my passion, my interests, knowledge & experiences in Forex,
Options, Gold Investments, Futures, Stocks, Binary Options, Economics, Life-long
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