Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who started this subject	6/14/2003 4:25:43 PM
From: jimsioi	Read Replies (1) of 39344

CRB given off bearish vibes…. With the hard falls in Crude, NG and Unleaded Gas, the CRB under the weight of other component weakness fell below its moving average, key support at 235, AND its longer term trend line on Friday. Trend Indicator is again down and Momentum on the daily, which didn't get positive on the uptick on the Trend Indicator , is increasingly negative. Gold's Trend Indicator is still down. Crude's is finally rolling over from high on the scale. $30 is quite critical from a bar chart perspective. None of this looks very good from the long side and suggests commodities are in for a "cooling" period, which with the exception of energy and gold has been underway for a while.... chartingyourfutures.com

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