Sunday, December 27, 2009

Commodity Summary

Correction in gold is still not yet over. Crude oil has given a buy signal. Will it close above 80 next week? CPO and rough rice uptrend seems to be taking a rest. I think that the US dollar rebound should come to an end by this coming week. If that is the case, then we should see the rally in commodities to resume soon.

Commodity Monthly Weekly Daily
Gold Up Neutral (-) Neutral
Crude Oil Up Up (+) Up (+)
Crude Palm Oil Up Up Neutral (-)
Rough Rice Up Up Neutral (-)

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