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Commodities Go Green

This is a syndicated repost published with the permission of Gold Traders Almanac. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Although my FCS system still is on hold with the precious metals and mining indices, a buy signal was issued last week on the Dow AIG Commodity Index. Crude oil has been consolidating right below the 55-week SMA. The 200-week SMA and lower Bollinger Band have converged forming exceptionally strong support at $53. I mentioned before […]

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