Monday, April 13, 2009

Goldman Commodity Index Ready to Blast Off (Chart)


Goldman Sachs Commodity Index (Cash)

Goldman Sachs Commodity Index

Notes:
  • The Goldman Sachs Commodity Index is heavily weighted in oil
  • The index is trying to claw its way above 380. This dates back to January.
  • The current formation is bullish.
  • Most times when a market continues to return to a area over and over, on the upside, it is an indication that the market wants to move in that direction.
  • Expect a break out to higher levels in short order.



Subscribe to All American Investor via Email



Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.


More from All American Investor




Follow All American Investor on Twitter