Wednesday, December 2, 2009

Wednesday Commodities Round-Up

A note to readers: while editing comments I mistakenly deleted some that I intended to publish. I apologize for this oversight.

A, B and C are all consolidation areas. Notice this is where the market has spent most of its time over the last 4 months -- consolidating after gains.

D tells us that as markets are consolidating there isn't a lot of money leaving the markets. People are content to let their money remain in this particular security to see what happens.

A.) EMAs are in a bullish position -- the shorter are above the longer and all are moving higher.

B.) The last two days have seen some strong volume surges as more money comes into the market.