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business / Finance - Commodities

Technical Oil (2009-10-08)
Technical analysis for crude oil with major support and resistance levels and recommendations for 8-10-2009
IB Times Thursday, October 08, 2009

Gold Technical Precious Metals (2009-10-08)
Technical analysis for precious metals with major support and resistance levels and recommendations for 08-10-2009
IB Times Thursday, October 08, 2009

Silver Technical Precious Metals (2009-10-08)
Technical analysis for precious metals with major support and resistance levels and recommendations for 08-10-2009
IB Times Thursday, October 08, 2009

Oil Rebounds above $70 on Weak U.S Dollar
Crude Oil rose as the U.S Dollar weakened against the EUR and a government report showed an unexpected drop in U.S. crude supplies, boosting optimism about a demand recovery in the biggest energy-consuming nation.
IB Times Thursday, October 08, 2009

Fundamental Oil Report (2009-10-08)
Once again fears of crippled demand is in the oil markets especially as the United States, the biggest crude consumer in the world, released its EIA report showing that although oil stockpiles dipped, yet gasoline inventories climbed and this meant that demand remains weak in the nation. Investors after the release of the report right away panicked as they began stepping out of oil markets and as funds flew out, prices plunged.
IB Times Thursday, October 08, 2009

GoldCore Precious Metals Update - Gold New Record High at $1,058/oz but Remains Less than Half its Real Price of 30 Years Ago
Gold continues to push higher and took out resistance of $1,050/oz yesterday and moved toward $1,060/oz before retreating slightly. With investors continuing to allocate funds into the gold market, the next target is likely to be an assault on the psychological $1,100/oz level.
IB Times Thursday, October 08, 2009

Commodities Strengthen as USD Slides
Crude oil price hovers around 70 in European morning as weakness in USD boosts demand for commodities.
IB Times Thursday, October 08, 2009

Midday weahter 10/8
The national early-morning radar shows the front moving through the central Plains and the lower WCB... with heavy rains in storm is moving through central and southern ILL Central MO into eastern KS and far north central OK. There is a band of moderate showers over north-central IA into far southeastern MN.
IB Times Thursday, October 08, 2009

Oil rises above $71 on recovery hope, weak dollar
Oil rose above $71 a barrel on Thursday, supported by better-than-expected economic data and a weaker U.S. dollar.
IB Times Thursday, October 08, 2009

Comments for October 8, 2009
Lower close Wednesday for crude and heating oil along with the rbob and natural gas. In spite of recent rallies in the energies my sell signals are still in place with crude, heat and the rbob ,making lower lows and highs since early August. Natural gas settled lower but is in a BULL PENNANT as shown below looking to move much higher, technically, if not fundamentally.
IB Times Thursday, October 08, 2009

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