Sunday, September 20, 2009

Weekly Commodity Summary

Gold Weekly Chart

Gold has broken out and close at a new weekly high. I'm expecting it to go up further even though IMF is selling 400 tons of gold. It's a mania for gold and nothing will stop its ascends.

Crude Oil Daily Chart

For crude oil, it is still trap within a ascending triangle. Watch out for the breakout!

Summary for this week:
Commodity Monthly Weekly Daily
Gold Up Up Up
Crude Oil Up Up Up (+)
Crude Palm Oil Neutral Down Neutral (+)
Rough Rice Up Up Neutral

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