Wednesday, March 10, 2010

Wednesday Commodities Round-Up

A.) The new uptrend is still in place

B.) Prices are above important resistance, but

C.) Prices still need to get above C in order for the rally to be a "real" rally.

Note the bullish EMA picture (A): all the EMAs are moving higher, the shorter EMAs are above the longer EMAs and prices are above the longer EMAs

B.) Momentum is still moving in the right direction, but it is starting to move a sideways over the last few days which is concerning. In addtion,

C.) Money is flowing out of the security