Wednesday 15 May 2013

Pre-Market Brief

Good morning. Futures are a touch lower, sp -2pts, we're set to open @ 1648. We are seeing some very significant weakness in the precious metals and Oil again. Gold is -$18, whilst Silver -50 cents, a mere 10/15 cents from its recent collapse wave low. Oil is -1%


sp'60min



USO'60min


Summary

Those commodity falls sure are interesting.

USO is set to open -30 cents in the 33.20s. Anything below the 33s, would be a real problem for those seeking upside.