Gaddafi wants to stepped down. How about gold and oil price?


Credited from AlJazeera:

“Two Arab newspapers and al Jazeera television said Monday Libyan leader Muammar Gaddafi was looking for an agreement allowing him to step down, but there was no official confirmation of the reports.

It said Gaddafi made the proposal to the interim council, which speaks for mostly eastern areas controlled by his opponents. It quoted sources in the council as saying Gaddafi wanted guarantees of personal safety for him and his family and a pledge that they not be put on trial.”

I am looking at gold price and crude oil price whenever I got the news. What’s on my mind is, both gold price and crude oil price will reverse or retrace. Let see the chart below.. and hope gold price will break the lower trendline, and crude oil price will not go beyond USD106 per barrel.

Below is gold chart.

And below is crude oil chart.

This news should bring further downfall for EURUSD.


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