Commodities | Aug 30 2011
Prepared by Jamie Saettele, CMT
Weakness is not clearly impulsive but respect potential for another down leg in the yellow metal. The rally from the recent low has reversed at the 61.8% retracement of the decline from the top which is often a sign that the rally in question is corrective. I am cautiously bearish.
The views expressed are not FNArena’s (see our disclaimer).
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