| 13.02.2009 - Commodities primed for an upturn |
| From Moneyweek.com: On the technical side, we have the descending 50-day moving average which is pegged right now at roughly $49.50/barrel, which should put a lid on this most recent upswing in prices. If it falls from there, we could go quickly back to $40/barrel. But if it blasts through the 50-day moving average, we could see a quick run up to at least $60/barrel..... Full Article: Source |