Sunday, September 13, 2009

Weekly Commodity Summary

Gold Weekly Chart

Looks like a clean break for gold. Based on the triangle height, can go another 100.00.

Crude Oil Weekly Chart

Crude oil overhead resistance at around 75.00. Don't think it can go any further based on the weekly momentum that is getting weaker. Could be a double top or a rising wedge formation. Still to early to say.
Crude Palm Oil Weekly Chart

Looks like CPO is going into bear mode. However, I'm still expecting 2000.00 to be the support.

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