Charting it up: moving averages show commodities at key inflection points

I could argue the optimistic outlook for the global economy; or I could list the pessimistic views. But since market sentiment seems to be moving on the former, I think it makes sense to watch key technical levels for gold, silver, copper, crude, natural gas and corn.

I want to see another day or so of price action since so many commodities are trading at key inflection points. But I imagine we'll see some resolution and the opportunity to add new positions. Stay tuned.

Commodities Essential. 30 November 2012

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