Gold prices fell for the seventh straight session yesterday, partly due to a stronger dollar. Gold futures (/GC) were down 0.3% at $1283.90 a troy ounce. Oil prices declined slightly Tuesday, sticking to a narrow trading range as stock markets moved sideways and investors awaited weekly government data on U.S. oil inventories. U.S. crude oil futures (/CL) closed 0.1% lower yesterday, and settled at $56.56 per barrel.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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