Commodity Update

Nothing has changed as market continues to ignore action or inaction out of Washington. Sometimes the best indicator is not what happens in markets but what doesn't.

Nasdaq made new decade plus highs yesterday with Gold, Dollar and Bonds failing to get ANY flight to quality buying.

Price action shows amazing resilience and strength of up tend in equities. Crude has bounced from $101 and looking like value area bottom for good risk reward in bull trend with rally back to $110 targeting $120.

Commodity play...Barrick Gold pivot support at $18, trading between $14 and $22, target $28.Buy April $14 call @$5.25,six months of time, expiration break even $1

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Alan Knuckman can be followed on Twitter at twitter.com/AlBk2Comodities

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