Singapore Stock Market News
Alpha Edge - Commodities turns bullish
StockFanatic
Publish date: Wed, 05 Mar 2014, 03:33 PM
StockFanatic
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| S&P 500's Weekly Chart |
After two years of consolidation, the commodity market trend is looking positive. Monthly MACD has just turned positive. Leading the way is crude oil. A break above the recent high (US$112.24) should be bullish for oil prices.
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