Crude 2nd Round Decline Just Started

Unsurprisingly but expected, the crude is waiting the coming China's manufacturing data for the next direction, look at the chart is likely to drop further from here, supporting the break to the downside is the "Leaking" as chart above.

Technical Gold Bear Vs QE Hope

From technical standpoint, gold bear have to complete its cycle to extreme target $1360~$1370 not later than blue line as above which in simple word somewhere within 6 week from next week onward, it is something worth paying attention to weekly chart when the bearish nature of gold's technical are analyzed, the 2nd & 3rd fanline just perfectly serve as Gold's Descending Trend Channel, a strong downward momentum will started if Fed say no QE in coming FOMC.