Gold and Oil fall as anticipated & the latter strikes a key level

The Crude Oil contract has hit the uptrend line earlier surmised at just above $73.



Chances are high that it will be broken considering the new scare on the sovereign debt fear as the Dubai fiasco refuses to die.


The Gold contract has fallen also,continuing a rapid drop since the doji spelt the end of the remarkable run-up since $1000 was breached.







My targets on both commodities remain. For now.