Jun15

The recent record highs in copper seems to be quite over done.Chart has formed a backward wedge of some sort, which typically reverses down.Expect copper to slowly move south over the coming month to the 61% FIb level.

Jun10

Brent came down exactly as expected yesterday with EIA results not giving much reason for further increase.Formed a wedge during teh fall, expect price to retrace to around 72.3 today. nice quick opportunity there.

Jun09

Gasoline seems to be topping out. I was surprised that it exceeded the previous high actually.Moomentum is slowing down, MACD and RSI showing divgernces with the price.Expect price to retrace down by about 61% of the up move.Target = 2.11