By Mohammed Isah, technical strategist and head of research at

Crude oil has staged a rally and now looks to head further higher toward the 83.31 level having reversed its last week losses. Beyond that level will open the door for a run at its 2010 high at 93.93, with a turn above there resuming its broader medium-term uptrend and allowing for further up move toward the 85.00 level. Support lies at the 78.83 level.

Gold is also building on its Friday gains as it is maintaining a bid tone in today's trading session, though marginally. Risk of further higher prices exists toward the 133.18 level and then the 1,144.88 level. Pullbacks, if seen, will find support at the 1,085.03 level.

Silver now has its eyes on the 17.62 level, having followed through higher on its Friday recovery today. Above the 17.62 level will clear the way for further strength toward the 18.87 level. Support lies at the 16.71 level.

Wheat remains on the defensive despite is bid tone seen today. The commodity closed sharply lower the past week, breaking key supports and turning focus to the 425 level.

Corn is also retaining its broader bearish tone, though seen maintaining a bid tone today. That move should eventually fade and turn the commodity back down.
Mohammed Isah is a technical strategist and head of research at, a technical-research Web site. He has been trading and analyzing the foreign exchange market for the past seven years. He formerly traded stocks before crossing over to the forex market, where he worked for FXInstructor LLC as a technical analyst and head of research before joining He has written extensively on the forex market and technical analysis and his articles have been featured in The Technical Analyst Magazine, The Forex Journal Magazine, The International Business Times and At, he writes daily, weekly and long-term technical commentaries on currencies and commodities, which are offered to its clients. He also produces The Professional Suite for his subscribers. He provides full coverage of the forex market with specific focus on G10 currencies as well as the commodities markets, with focus on five key commodities.