The Bonddad Blog
Still nerdy after all these years
Wednesday, March 3, 2010
Wednesday Commodities Round-Up
A.) Prices rebounded to the Fibonacci level, and then encountered a bit of upside resistance.
B.) The shorter EMAs (the 10 and 20) are moving higher, although the 50 is moving sideways. The EMAs are also in a very tight orientation which is not very bullish. Also, volume has been very low.