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Commodities Briefing - Categorized | Trading more

Commodity momentum: Correction mode

Posted on 12 February 2013

Our momentum monitor has been turning red over the last week indicating that some of the strong positive momentum that we witnessed during January has run out of steam with the need for profit taking and a fresh focus taking center stage.
The metals sector remains mixed with silver now seeing negative momentum following a run up since January 10. Gold has been stuck between its 200-day and 55-day moving averages for the past nine days with momentum suffering as a consequence………………………………………..Full Article: Source


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VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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