First Appearance In 10 Years!! Bob Chapman At The Wealth Protection Conf...

May 20, 2011

While at the 2011 Wealth Protection Conference in Tempe, AZ which is put on every year by Pat and Linda Gorman, Bob Chapman made an appearance via Skype. He answered questions from the audience for over an hour, and we have it for you in this series of videos! Stay tuned!

Part 2

Part 3



Please visit our blog website:
www.ResourceNewsNetwork.com
as well as our company site:
www.UnderhillSecurities.com

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

TECHNICAL COMMENTARY- Commodities and Euro Bounce

By Tony Darvall | May 25, 2011 13:01 GMT

Daily Outlook - Commodities and Euro Bounce

http://hken.ibtimes.com/articles/151614/20110525/daily-outlook-commodities-and-euro-bounce.htm

U.S. Dollar Trading (US) struggled in European and US trade as the majors found support in Asia and staged a minor relief rally. Stock markets remained weak but commodities were strong. April New Homes Sales at 0.323m vs. 0.3m previously. In US stocks, DJIA -25 points closing at 12356, S&P -1 points closing at 1316 and NASDAQ -12 points closing at 2746. Looking ahead, April Durable Goods Orders forecast at -2.1% vs. 4.1% previously.

TECHNICAL COMMENTARY

Currency	Sup 2	Sup 1	Spot	Res 1	Res 2
EUR/USD	1.3855	1.4000	1.4060	1.4147	1.4346
USD/JPY	80.00	81.32	81.95	82.28	82.79
GBP/USD	1.6000	1.6046	1.6175	1.6239	1.6380
AUD/USD	1.0443	1.0500	1.0505	1.0657	1.0717
XAU/USD	1485.00	1504	1525	1533	1543
OIL/USD	96.50	98.00	98.40	100.00	103.00

Euro - 1.4060

Initial support at 1.4000 (Big Figure Support) followed by 1.3855 (Mar 15 low). Initial resistance is now located at 1.4147 (May 23 high) followed by 1.4346 (May 20 high)

Yen - 81.95

Initial support is located at 81.34 (May 23 low) followed by 80.00 (Big Level support). Initial resistance is now at 82.28 (April 28 low) followed by 82.79 (Apr 27 High).

Pound - 1.6175

Initial support at 1.6046 (50% retrace of 1.5345-1.6747) followed by 1.6000 (Big Level Support). Initial resistance is now at 1.6239 (May 23 high) followed by 1.6380 (May 12 high).

Australian Dollar - 1.0505

Initial support at 1.0500 (Big Figure Support) followed by the 1.0443 (Apr 19 low). Initial resistance is now at 1.0657 (May 23 high) followed by 1.0717 (May 13 high).

Gold - 1525

Initial support at 1504 (May 23 low) followed by 1485 (May 18 low). Initial resistance is now at 1533 (61.8% retrace of 1577.57-1462.45) followed by 1543 (May 4 high).

Oil - 98.40

Initial support at 98.00 (Intraday Support) followed by 96.50 (Intraday Support). Initial resistance is now at 100.00 (Intraday resistance) followed by 103.00 (Intraday Resistance).

Written by Anthony Darvall

http://hken.ibtimes.com/articles/151614/20110525/daily-outlook-commodities-and-euro-bounce.htm

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.