11/06/09: The US dollar continues to drift lower - showing no signs of a bottom yet. As a result, commodity prices and most of the greenback's trading pairs are comfortably pointing higher. The one currency that looked vulnerable, The British Pound, looks to be testing its' top in earnest. The one market that stands out is Pork bellies, but considering the oddity of the pork trading complex it may just be a case of contract expiry that launches prices up to the anticipated target of 127. Regardless, refer to this weeks' commodity trading blog for more...
That's all for this issue of the WCTS Spotlight,
Brian Beamish FCSI
the_rational_investor@yahoo.com
http://www.the-rational-investor.com
No comments:
Post a Comment