Monday, November 7, 2011
Crude Oil Bulls Take Solid Near Term Advantage
Natural gas closed down 8.6 cents at $3.697 today. Prices closed nearer the session low today and scored another fresh contract low. The bears have the solid overall near term technical advantage.
December gold futures closed up $35.90 an ounce at $1,792.10 today. Prices closed near the session high today and hit another fresh six week high. Strong safe haven buying interest was seen amid the EU turmoil that is now focusing on Italy. Bulls have solid the overall near term technical advantage and gained more upside technical momentum today.
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