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Wednesday, December 30, 2015

DAILY UPDATE ON THE #UGANDA SHILLING

The #Uganda shilling finished at 3378 on the US dollar, 5009 on the British pound, 3688 on the Euro and 33 on the Kenyan shilling.

Coffee is non changed.

Gold is sitting at $1063 an ounce.

Oil is at $37.37 a barrel. A little bounce here but the white candle is engulfed by yesterday's red candle so I would hold off buying till next week. The chart patern does show that it is bottoming out so I expect to rise next week. The moving averages are still way higher (blue is 50 day, red is 200). Let me introduce sonething else here. On the bottom of the chart is the MACD. It shows that it is turning upwards so expect a rise unless Geopolitical affairs hit oil.

Martha Leah Nangalama

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