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Analysis for commodities. Turnover for gold and crude oil?

Tags: US markets, GLD, WFC, OIL, JPM, GOOG, INTC, MSFT
17 Jul 6:09pm
Posted by gmerkle
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With bunch of better than expected earnings results stock markets have turned to the north. We see second day rally after good results coming from JP Morgan Chase (JPM), Wells Fargo (WFC) or Intel (INTC) . Another interesting tech earnings release right after closing bell today from Google (GOOG) or Microsoft (MSFT).

On the other hand commodities turned to negative. Improved outlook for financials weights on gold (GLD). Sharp decline for crude oil (OIL) can be seen 3 consecutive days from $148 to $130.

What is the outlook for gold and crude oil? Have we topped out? Here you can see latest video with technical analysis for gold price as well as analysis for crude oil.
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