Friday, February 02, 2007

Commodity Summary



Today oil futures were sharply higher with the March contract closing up 1.88. The spreads strengthened today which is bullish for this market.

Gold was down 11 dollars on "fund liquidation". I'd be looking to buy this market on dips because I believe the trend has turned up. If you look at the above chart you will see that today's sell off didn't even come close to doing any damage to the short term uptrend.

Posted by Kevin

Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites