Quote

Aden Forecast "resource and energy shares are bottoming"

ReportEnergy
Date07/14/2010
Loaded Date07/15/2010
TitleMarkets Bouncing Up
Quote"The markets continued to bounce up nicely this week. And even though today was a pause day, the markets are poised to rise further.

Our resource and energy shares are bottoming and, the way some energy shares are poised, it looks like BP may be closer to a solution. Crude oil and copper have been bottoming for over a month now. They’re firm above $72 and $2.90, respectively. A breakout rise would occur above $79 and $3.15, respectively. Keep your positions."