Quote

Aden Forecast ". . .July crude has strong support at $69."

ReportGold
Date05/21/2010
Loaded Date05/24/2010
TitleAnd They All Fall Down
Quote"The turmoil continues and it's now taking a heavy toll on the markets. All of the markets are falling. . .stocks, commodities, currencies, even gold and the other metals. They're all getting hit as ongoing concerns over Europe, China, the Gulf oil spill and the global recovery are keeping investors nervous and jittery.

The resource and energy sector have been hit hard. Copper and most base metals are still above their February lows, but others like oil, zinc and lead have fallen to a new low for the year. Copper (July) has support at $2.85, just as July crude has strong support at $69. Keep your positions because they are extremely oversold."