Commodities
Where the Commodities Are Heading
Midweek Trading Conclusion:
In short, stocks and indices are trading at resistance levels with many of them making new highs and that is great to see. A lot of things are trading in limbo, waiting to see what the U.S. dollar is going to do. Several months ago, I posted some charts showing that 81 would be a key resistance level for the dollar. If it broke above that then 84 would be the next key level to watch. So we just have to wait and see. The hardest part of trading is the waiting. Gold, silver, oil and natural gas all look like they could continue higher in the next few days if things unfold that quickly. But the market always finds a way to drag out moves so we could still be two to three weeks away. I hope this report helps give you an idea of where things are at in the market. If you would like to receive my Free Trading Reports and Analysis be sure to visit my website: www.GoldAndOilGuy.com -- Written by Chris Vermeulen in Collingwood, Ontario, CanadaTheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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