Gold has gained slightly this morning and is approaching important resistance. U.S Crude Oil should be watched closely after this weekend’s military action in Syria.
Gold: Precious Metal Approaching Resistance
Gold is approaching important resistance and is near 1348.00 U.S Dollars per ounce. The precious metal has gained slightly early today, and traders who are skeptical of the commodity’s heights may be tempted to be sellers at these levels.
U.S Crude Oil: Energy Sector Need Monitoring
U.S Crude Oil has come off highs and is trading below 67.00 Dollars a barrel. After this weekend’s military action in Syria, traders will need to monitor the energy sector carefully. Some speculators may believe the commodity is valued too highly and look for downside action to develop in the coming days.