Video Analysis: Commodities Supportive For Majors
By Elliott Wave Forecast Group
posted 22:32 02/07/12
| Commodities Analysis Video
 
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Hello traders!
Stocks are higher, USD reached new lows against the majors during Asian sessions, and it seems that this type of a price action will continue this week, especially after a sharp impulsive break on Eur/Usd yesterday out of its 6-day consolidation range. USD weakness is also seen across the board because of higher commodities. Gold and oil are looking very bullish after reversal from the lows few sessions back.

 
 
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