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.
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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