Nicole Elliott, Private Investor & Technical Analyst, joined today’s Tip TV Finance Show along with Zak Mir, Technical Analyst at Zak's traders cafe, and Mike Ingram, Strategist at BGC Partners, to discuss Nymex Crude and Gold prices.
Nymex Crude
Elliott takes a look at the long-term technical charts for Nymex Crude, and notes that the crude prices are back at levels where we were before the commodity boom began.
She adds that we are currently bumping around the bottom.
Gold prices
Looking at the long-term charts for Gold prices, Elliott sees downside potential for the precious metal on a weekly close below $1080.
The Momentum for Gold prices remains bearish on long-term basis from the past 2 years, according to Elliott.
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