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Commodities Technical Analysis Video 12-11-09

|Includes: ABE, DBC, GLD, iPath S&P Crude Oil Total Return Index ETN (OIL), UNG
Gold has retreated to the bottom of its 20-period Keltner band but I think it has further to fall. Oil has fallen significantly but may find short term support now before falling further.  Natural Gas support has been violated but I believe a sideways move has begun before lower prices start again.  The Commodities Index is hanging on to the sideways pattern its been playing but is testing support now.  Commodities Technical Analysis helps us assess the market direction and time entries, exits, and position sizing.  Next update will be Friday December 11th.

Video link below:

Sea Lion Capital Management LLC

Disclosure: None