Look for volatile Oil prices this week
By Benjamin Train
Sunday, March 13, 2006
Due to the new al'Qaida warning and Iran's position on using oil to leverage their position before the U.N., I believe we may see strong volatility in both, the oil, and gasoline futures pricing this week.
Precious Metals should continue their consolidation toward their support levels and the March 17th options expirations period. However, with World affairs in an unstable condition, PM's may remain above their lower support numbers. MACD trend continues to be negative, pointing to a lower trend. Base metals like steel, copper and zinc have been showing an uptrend. May I suggest that this may be a good time to look for a point to re-enter the PM market.
posted by Benjamin Train @ 12:39 PM
2 comments
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