10/23/09: The US Dollar continues its march lower and is looking to test the lows of July, 2008 at or near 71.71. The reflation of the world economy has rallied many commodity prices back into their pre-crash trading ranges and one ought to (at least for the short term) look for higher prices to come. Most notably, Crude Oil and Heating Oil have broken their recent respective 'tops' and Soy Oil has put in a very interesting base. As well, both coffee and OJ look like they have completed a basing pattern and could 'pop' on any bullish market news very much like sugar did recently.
That's all for this issue of the WCTS Spotlight,
Brian Beamish FCSI
the_rational_investor@yahoo.com
http://www.the-rational-investor.com
