Monday, December 14, 2009

Weekly Commodity Summary

USD rebounds, crude oil and gold goes down. The DX futures chart indicate that the rebound is not strong, therefore, I expect that gold and crude oil should stop sliding ...maybe by this week.

One interesting thing in the commodity world is that agriculture commodity is strong even though USD goes up.

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

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