Clive Lambert - FuturesTechs
Clive Lambert of FuturesTech explains why he is trading Brent Crude. Lambert is looking to buy dips on $62/barrel and $63.17/barrel. He works with tight stops and his targets are $65.83/barrel and $69.63/barrel.
Article / 04 December 2012 at 9:47 GMT

Commodity momentum: Gold turns negative while silver slows

Head of Commodity Strategy / Saxo Bank

Gold lost further support overnight and traded down to 1697, following a break below 1705 support. Buyers have now returned and helped stabilize the yellow metal, which continues to trade nervously, with traders in doubt what the current drivers are, as a weaker dollar and a general friendly investment environment have failed to support. Silver, which has done relatively better recently, is also slowing but still a few days away from going negative on momentum.

Elsewhere no major momentum changes has been observed since yesterday, apart from wheat. Positive momentum on Paris Milling Wheat is slowing while negative momentum on CBOT Wheat is accelerating following the sell-off witnessed during the last few days.

Momentum indicator on major commodities


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