with the euro zone crisis nearing a solution the world markets have heaved a sigh of relief and as a result commodity prices have seen a jump up be it  gold copper and crude everything has gone up

so is it going to continue or will we see a reversal in all these commodities well it looks unlikely that the euro leaders will allow the solution to be given away this easily so i don't expect any shockwaves coming out of the euro zone may be some jitters that will push the prices by 2-3 percent but nothing more

but then in trading there is always a reversal someway or the other prices find a reason to fall if they are too high or reason to rise if they are too low as of now the prices of everything is on a high so somehow the prices are more  likely to correct than go up and the trigger can come from anywhere be it china or the US

so what should the trading strategy be for the rest of the week

i would say wait and watch don't take position as of yet

let the news settle and form a direction be it bullish or bearish as of now the world markets are not sure let them make up their minds and then a position can be taken

so wait and watch would be my statregy for this week with a downward bias