Commodity Update For Wednesday, September 19, 2007- Still Watching Gold For An Entry.
I'm still watching December Gold as a possible trade. I was interested in buying December Gold if prices could close over the major resistance of $730. Even though gold shot up briefly yesterday after the Federal Open Market Committee meeting which lowered interest rates, December Gold still has not closed over the $730 level. In fact, December Gold is showing some weakness as it closed near its lows for the day. So, for now, I will keep watching for that close over $730.
I'm also still watching December Soybean Oil. December Bean Oil has been pulling back a bit over the past couple of days from its high of 40.4o on September 18. I'm looking for an entry if December Bean Oil consolidates around the 39.20 level.
To take a look at all of my recent trades, please go to http://www.mylearn2trade.com/.
I'm also still watching December Soybean Oil. December Bean Oil has been pulling back a bit over the past couple of days from its high of 40.4o on September 18. I'm looking for an entry if December Bean Oil consolidates around the 39.20 level.
To take a look at all of my recent trades, please go to http://www.mylearn2trade.com/.
posted by Steven at 5:11 PM
1 Comments:
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