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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