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SEAN LUSK ENERGY REPORT

Energy Prices have fallen from their highs in the session to around $141.00 a barrel at the close. Some profit taking from funds and speculators contributed to the sell-off. The market did hold 140.00 a barrel which is a bullish signal after many attempts late in the day to breakthrough it. Traders have many things to beware of this week. First off the World Petroleum Congress meeting in Madrid this week runs through Thursday. OPEC's President and Secretary General along with Oil Ministers from Nigeria, Russia, and Venezuela will be there. Also executives from BP, Exxon Mobil, and BP Shell will be in attendance also. You can bet they all will say prices are too high but until they can come together and raise production to somewhat meet strong world demand, nothing fundamentally will change unfortunately. Tomorrow the Department of Energy will release the crude and gasoline inventories at 9:35CST. My Guesstimates will call for a build of crude oil of a quarter million barrels and the same build for gasoline. Look for a slight build in distillates also. Because of the short holiday week look for traders not wanting to be stuck short the market over the 4th holiday weekend. Traders are also watching the verbal shouting match between Israel and Iran over Irans nuclear ambitions. This more than anything has traders on edge and definitely favors the bulls. High 14333 Low 13995 Close 14105 Resistance #2 144.82 Resistance#1 142.93 Pivot 141.44 Support#1 139.55 Support#2 138.06 Trade Smart and open an Account Today with Sean Lusk: 888-299-1351

GOLD CLOSES $16.20 HIGHER TODAY........

The Gold rallied strong today ....taking out key resistance levels due to news that tensions between Israel and Iran escalated over Iran's nuclear threats. Any type of tension in the Middle-east will cause the Price of Crude oil and Gold traders to react. Usually to the UPSIDE. Investors Buy Crude in anticipation of a cut in production and they Buy gold in anticipation of a Weaker U.S. Dollar and as a SAFE HAVEN...The U.S Dollar____DOWN 19 at the Gold close. HIGH.....948.50 LOW....932.50 CLOSE.....944.50....... THE FOLLOWING ARE MY GUIDE-LINE NUMBERS 7/1 AUGUST GOLD....... RESISTANCE #2................958.00 RESISTANCE #1................951.50 PIVOT...................................942.00 SUPPORT #1..................... 935.50 SUPPORT #2.......................926.00 TRADE SMART..........OPEN AN ACCOUNT TODAY....888-282-2770...

GOLD SETTLES $3.00 LOWER TODAY.....

Today's Gold trading session was very choppy and very technical. I believe this scenario will continue until the Crude Oil market volatility is more manageable. Both the metal markets and the energy markets have had huge volatile ranges. The Gold traded within 50 cents of my resistance numbers today.(before tanking)...... HIGH...934.00 LOW...920.50 CLOSE...928.30....... IF YOU LIKE VOLATILIY....THIS IS THE MARKET FOR YOU............ THE FOLLOWING ARE MY GUIDE-LINE NUMBERS FOR TUESDAY 7/1......... RESISTANCE #2...942.00 RESISTANCE #1...935.50 PIVOT......................928.00 SUPPORT #1.........922.00 SUPPORT #2.........914.00 AUGUST GOLD.................................... TRADE SMART / OPEN AN ACCOUNT WITH ME...888-282-2770 MDALY@MANDUCATRADING.COM LETS TALK GOLD !!!!!!!!!!!!!!!!!!!!

TODAY'S GOLD MARKET CLOSES UP $16.20..

REMINDER, I'm moving my blog to Gold.TradeHugger.com, come on by! Today's gold trade was a continuation on yesterday's rally. The Gold has been trading off the record high's in the Crude oil market. The weakness in the U.S Dollar is directly due to the strength in the Crude oil. Gold is anti- Dollar ...this is as simple as it gets. HIGH....931.80......LOW......920.50.........CLOSE......931.30.... The following are my guide-line numbers for Mondy 6/30..........August Gold...... RESISTANCE #2...........................940.00 RESISTANCE #1...........................934.50 PIVOT...................................927.50 SUPPORT #1.................................923.20 SUPPORT #2.................................916.00 TRADE SMART............888-282-2770

GOLD REBOUNDS $4.40 HIGHER TODAY......

I've started blogging on a NEW SITE, please update your bookmarks to Gold.TradeHugger.com Go to Gold.TradeHugger.com NOW. AFTER AN AVALANCHE SELL-OFF YESTERDAY THE GOLD MARKET REBOUNDED ON VERY VOLATILE TRADING. WITH TTHE FOMC MEETING TODAY QAND AGAIN TOMORROW IT APPEARS TRADERS ARE A BIT TENTATIVE TO HOLD POSITIONS. THE WEAKNESS IN THE U.S. DOLLAR STARTED THE MOMENTUM HIGHER IN THE GOLD MARKET. AS A SEASONED TRADER I HAVE SEEN MY SHARE OF WILD MARKETS.HOWEVER THIS CRUDE OIL MARKET IS NOT FOR THE FAINT OF HEART AND IS DIRECTLY AFFECTING THE GOLD MARKET(ESPECIALLY TO THE DOWN-SIDE). THIS IS WHY I AM TRADING CALL/PUT SPREADS AND USING STOP-LOSS ORDERS WHILE DAY TRADING TO LIMIT RISK. THE TRADING RANGES HAVE BEEN HUGE THE PAST FEW MONTHS AND I EXPECT IT TO CONTINUE UNTIL THE HOUSING SECTOR AND THE ECONOMY SHOW SIGNS OF IMPROVEMENT. U.S $___23 LOWER...... HIGH...896.00 LOW...885.10 CLOSE...891.60..... RESISTANCE.#2.......901.00 RESISTANCE #1.......895.00 PIVOT..........890.00 SUPPORT #1.............884.00 SUPPORT #2.............879.00 TRADE SMART / OPEN AN ACCOUNT TODAY....888-282-2770 MDALY@MANDUCATRADING.COM

SEAN LUSK ENERGY REPORT......

As I write on the close the August Crude Oil has traded back above 136.00 a barrel. The market continues to advance, consolidate and advance again. It is but a matter of time until new highs are made again. The Saudi Government said it would increase production by 200,000 barrels a day bringing production to 9.7 million barrels a day next month. This is the third month in a row that the Saudis that the Saudis have raised production and each time time the market has ignored this limp response. The problem is the Saudi Crude is sour crude, its customers however need sweet crude which is low sulpher crude oil. The sweet crude is found in the form of Brent Crude from the North Sea and WTI from Texas and Oklahoma. After shrugging off the lows this morning as the dollar tanked the crude oil summarily rallied past 136.00 reaching a high just over 138.00 before pulling back to around 136.50 at the close. HIGH 138.14 LOW 134.05 CLOSE 136.40 RESISTANCE#2 140.28 RESISTANCE#1 138.33 PIVOT 136.19 SUPPORT#1 134.24 SUPPORT#2 132.10 SEAN LUSK SENIOR BROKER MANDUCA TRADING slusk@manducatrading.com

GOLD CLOSES $16.50 LOWER TODAY.......

TODAY'S GOLD MARKET REACTED OFF EARLY DOLLAR STRENGTH AND CAUSED A $20.00 + SELL-OFF. NEWS OUT OF SAUDI ARABIA STATING AN INCREASE IN OIL PRODUCTION GAVE THE U.S. DOLLAR EARLY STRENGH. HOWEVER AFTER CRUDE OIL TRADERS DETERMINED THE INCREASE IN PRODUCTION WAS NOT ENOUGH TO MEET DEMAND AND RALLIED 200 + IT HELPED PULL THE GOLD OFF IT'S LOWS AND SETTLE $16.50 LOWER ON THE DAY. REPORTS: FOMC MEETING.....CONSUMER CONFIDENCE 9:00 AM. CST......HIGH...903.00.....LOW....879.00...CLOSE...887.00...... RESISTANCE #2..............913.00 RESISTANCE#1...............900.00 PIVOT.................................889.50 SUPPORT#1.....................876.00 SUPPORT#2.....................865.50 TRADE SMART / TRADE WITH ME... OPEN AN ACCOUNT TODAY....888-282-2770.................... MDALY@MANDUCATRADING.COM

GOLD TRADES $7.10 HIGHER TODAY.......

TODAY SAW THE CRUDE OIL, GOLD, AND THE U.S. DOLLAR ALL TRADING ON THE POSITIVE SIDE. WE ARE CERTAINLY TRADING IN A NEW ERA. IF TRADERS CAN NOT ADAPT QUICKLY IN THESE MARKETS THEIR FUTURES WILL BE BLEEK. MOST TRADERS USE CERTAIN INDICATORS TO TRADE...LATELY NOTHING MAKES ANY SENSE. MAKE SURE YOU USE TIGHT STOPS AND TAKE MONEY IT'S THERE. HIGH...860.50 LOW...846.50 CLOSE...858.00............... SWING NUMBERS FOR MONDAY 5/5.............. RESISTANCE #2.......................868.00 RESISTANCE #1.......................862.50 PIVOT......................854.50 SUPPORT #1.............................848,50 SUPPORT #2.............................840.00 TRADE SMART.....OPEN ACCOUNT WITH ME...888-282-2770