NYMEX Crude has now completed one set of action; down from set sell zone of 92.50-93.50 (high at 93.05) to meet the set objective at 88.50-87.50 (low at 88.21) and now in consolidation mode at 88.50-89.00. MARKET PULSE has already shifted the weekly range into 86.50-91.50 and continues to see bearish set up for 86.50-86.00.
Not much of action in Gold as there is not enough momentum to take out strong at 1720-1710 (low of 1713.40) but attracts good selling interest below 1730. MARKET PULSE weekly strategy was to sell in two lots at 1730-1735 and 1750-1755 with tight stop for 1675-1660 on conclusive break of 1715-1710; no change in this view.
Good luck.................Moses Harding
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