16.09.2011 - Commodities may dip to lowest since November
Commodities may drop to the lowest level since November after failing to breach key resistance levels, according to technical analysis by Commerzbank AG. The S&P GSCI Total Return Index of 24 commodities has failed at the downtrend and 200-day moving average resistance at 5,090 and 5,150, London-based Karen Jones, head of fixed-income, commodity and currency technical analysis, wrote in a Sept. 14 report. A resistance level indicates a price at which sell orders may accumulate when a security is rising..............................................Full Article: Source
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