Crude oil
Last Friday crude oil hit new record. Early morning was $147.27 a barrel and closed the week at $145.08.
Crude Oil Futures
S&P 500
As long as crude oil is rising, I don’t look too much for gains on indexes. Since last time I was analyzing S&P 500, index broke the support near 1270 and last week definitely confirmed further movement down. I will wait more time for some strength’s signals on the index, before putting my money there.
S&P 500
Gold
Gold continues to behave as I expected. On Friday, gold touched the resistance – half of black marubozu from March. It is very likely that now, there would be small downward movement before breaking this resistance. Then I expect to find it at least near $1000 an ounce. Of course I treat gold as a long term investment and further actions depends on market situation.
Gold Futures
