31.08.2010 - Commodities wrap: M&A is that enough?
From Greenfaucet.com : Mergers and Acquisitions are heating up but that alone does not signal an all clear in my opinion. To see continued upside follow thru in Crude the first hurdle we need to overcome is $75.85 in the October contract; the 38.2% Fibonacci retracement level. From current levels we anticipate a 5-8% appreciation in the coming weeks. We expect a move as such in Crude to lift the distillates 12-15 cents lifting prices back over $2/gallon. Talk of increased hurricane activity lifted natural gas prices today..............................................Full Article: Source
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