FTSE
Dow sits a slither above 12000. FTSE around 5760 in pre-market. Last support at 5700. Came sharply down from the 30DMA, now sitting at 5930.
GOLD
At the top of its current range, just shy of the 100DMA at $896, with the 200DMA at $867. Seems to be following oil but gold's peak was back in March, showing some demand weakness since then, although propped up by its hedge status.
Just as a reminder that what are considered traditional relationships between markets may break down some days as sentiment flips.
19 Jun 2008
Trading Day
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