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Thursday, October 05, 2006

CRUDE OIL IN SPIKE NOW

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Crude oil spikes higher on wire reports that Saudi Arabia has cut its output by 300k bpd to 8.8mln bpd. This cut is included in the earlier reported OPEC cut of 1.0mln bpd.
WTI Nymex crude oil is at $60.76.

Wonderful!
Today we will see Nice Support in Precious Metals, and it looks like as we analyzed that yesterday gold touched its Bottom, it likely to push Upwards today
With Crude Oil in Push
Dollar in Weak, Nice Support
Sit Tight

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