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Wednesday, August 02, 2006

Crude Oil Rallies - Takes Gold/Silver with it

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Crude oil is rising high
Taking along with it - its partners Gold and Silver.
Crude oil doesnt wants to go Alone up.

Gold right now at 2nd resistance 652 level.

GeoPolitical Tensions, Crude Oil Push, gives a Solid Support to commodities.

As mentioned earlier, Both Gold and Silver, lie on Bullish Stand.

The Data this week, approached with a signal for next week FED to pause.
And we shall see Dollar strength a little today - SHORT TERM CORRECTION
And weakness would emerge, which in line will push the Commodities.

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