Wednesday, March 26, 2008

Who Said the Commodity Bubble Had Burst?

Crude oil, the last of the remaining commodities that had not regained its bull trend, has now taken the lead in the commodities markets in moving toward higher prices. However, most commodities appear to be forming a more consolidative, rather than trending pattern. If prices don't break through the past, recent highs within the next week or so, then range trading may emerge as the norm. I am very happy with this scenario, because as a swing trader, I prefer to trade both directions.