Sunday, November 08, 2009

Commodity Summary

Gold Futures Monthly Chart

Gold: Only 6 days into the month and gold has made a move that is equivalent to last month's gain. Therefore, I don't think gold will make more gains unless an euphoria grips the common people.

Crude Oil Futures Weekly Chart

Crude Oil: It seems that sellers are very aggressive at USD80. However, since weekly RSI has not moved into the overbought zone, I am expecting more gain.

The summary for the rest are:
Commodity Monthly Weekly Daily
Gold Up Up Up (+)
Crude Oil Up Up Neutral
Crude Palm Oil Down Neutral Up
Rough Rice Up Up Up

No comments: