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Commodities Briefing - Categorized | Commodity Crisis, Currencies, Market Moves more

End of currency and commodity boom in sight

Posted on 29 March 2011

Technical signs are increasingly pointing towards short-term topping potential in most of the major currencies and commodities, according to analysts. Currency analysts predicted that the bull runs seen in gold and oil in the last two weeks showed signs of peaking, and could end in a pull back towards $1,382 for gold and $97 for oil after some corrective selling.

In addition, the immediate outlook for both the euro and pound is bearish, which should prove positive for the dollar in the short-term…………………………………….Full Article: Source

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This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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