Uganda shilling and global market report – October 17, 2016


The Uganda shilling closed at 3462 on the US dollar. Will report on other currencies when geek fixes laptop. The people who trade the UGX use the USD.

I love this drop on the shilling. Import less and buy Made in Uganda.

Coffee did not move.

Gold is at $1255 after gaining $2 per ounce.

Brent crude oil lost $0.34 and closed at $51.66 per barrel. Is oil going down like ever!!!

Global Markets

Standard and Poor lost 6 points. Formed a good short.

The markets are turning bearish.

Martha Leah Nangalama

I am gonna do a play. Gonna UGX. This is a risk play but it is leveraged.  I am seeing many buys at 3475 so I am gonna short.

The UGX support is now 3500. Resistance is 3350.

I have an IT and business background. I trade and own oil shares. I have no financi




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