Crude and Gold

11/11/2009 9:44 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart
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Crude oil has been consolidating for almost three weeks, but the OBV made new highs last week. An upside breakout is expected with targets at $85-$87. Gold continues to push higher and the OBV is confirming the price action. At the upper channel now, so a pullback is possible, but we still have targets at $1140-$1180.

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