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Commodities Briefing - Categorized | Index, Market Moves more

Commodities may rise 6pct in next three weeks: Technical analysis

Posted on 08 November 2011

MacNeil CurryCommodities may rise about 6 percent in three weeks, extending a rebound from a one-year low, according to technical analysis by Bank of America Corp.
The Thomson Reuters/Jefferies CRB Index of 19 commodities may gain to its 100-day moving average of 328 within two weeks and the 200-day moving average of 339 a week later, according to MacNeil Curry, head of foreign exchange and interest rates technical strategy at the Bank of America in New York………………………………………..Full Article: Source


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