Thursday, May 10, 2007

Commodity Watch

Cotton continues to look bullish.

No question that Gold is looking very weak!!
Downside is a real risk here.


Appears to be trying to stabilize in here. Could very possibly be nothing more than a rest before the decline resumes!

Intermediate and Long Term Trends have both shifted to DOWN!!

Corn took out the lows today and also closed below the 200 day moving average.
Both of these could really cause the price to accelerate to the downside.

Trend Analysis LLC Headline Animator