Resources for the Independent Trader Blog Breaking News: Chaos in Syria, Libya, Gold Mining Strike create great Trading Opportunities in Gold, and Crude Oil

Crude advances as Obama seeks support on Syria.

Lower Libyan oil output pushes energy prices higher

04/09/2013 - 07:17 - Crude Oil hits session low at 107.80 down from today's high at

108.59. Last trade at 107.84.

Congress moves to approve Syria strike

RT - 10 hours ago

Obama's battle to get congressional approval for a military strike on Syria moved a step

closer Tuesday, with leaders of both parties in Congress announcing that the United

States should respond to Syrian President Assad's alleged use of chemical weapons.

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Dear Reader,

It’s a pity to say that chaos, where people are dying, creates some very good trading

opportunities, but it’s reality. Scalping is the name of the game. Reality “forces” us to

trade Gold and Crude Oil.

Investors fear US intervention could lead to a wider conflict in the politically volatile

West Asia, a key source of the world’s crude oil supplies.

When risk aversion subsides, there is greater demand for riskier assets and higher

yielding currencies like the Canadian, Australian and Kiwi dollars. One of the best

starting points to determine whether to buy or sell a currency is to monitor economic

and global news that contribute to risk sentiment.

A recent example of this type of dynamic is the euro currency selling at a 16 month low

versus the USD in reaction to concern about the EU debt crisis. Economic and regional

news that shows escalation in the EU debt crisis may spark additional selling pressure of

the euro. Positive news that dampens fears about the crisis may encourage buying of the

currency.

You should always be ready to take these opportunities to boost your profits. I believe

traders should have an emergency fund (Not necessary with your broker, but money you

can immediately have available to transfer, but this could also losing time, speak with

your broker, and see how your fund can bring in some money, whilst waiting for

opportunities to trade. available to utilizing these opportunities. However, you should

have an exit plan to ensure that you don’t lose all your profits. Reliable analysis and

alerts fro your Forex Broker(s) is valuable. Choosing these brokers are essential in your

trading plan. I recommend that you should have a diversified trading accounts (Spot

Gold and Crude Oil) to give you the best options and benefits these brokers offer.

CRUDE OIL Near Term: Upside favored

Time: 04-09-2013 03:31:00

Pivot: 107

Our View: Long position above 107. Target 108.8. Conversely, break below 107, to

open 106.4.

Comments: The pair remains supported. Further advance favored.

Key levels

110.70

110

108.80

108.24 Last Price

107

106.4

105.5

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GOLD Near Term: Upside favored

Time: 04-09-2013 03:19:00

Pivot: 1398

Our View: Long position above 1398. Target 1415. Conversely, break below 1398, to

open 1391.

Comments: The pair remains supported. Further advance favored.

Key levels

1433

1423

1415

1412.42 Last Price

1398

1391

1384

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understand the risks involved and do not invest money you cannot afford to lose.

Pierre A Pienaar

Retired in 2011 from trading and business.

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