Archive for the ‘Commodities’ Category
APC Group Inc. (APC), an energy unit of Belle Corporation (BEL), is indeed poised for a huge upswing in the days to come. APC’s price action, in my opinion, is a technical work of art, a masterpiece to say the least. As you can see from its daily chart, APC’s [...]
Back in the quagmire again?
Crude oil futures jumped more than $16 a barrel last Monday, recording the biggest one-day gain in dollar terms since 1984 (when crude began trading on the New York Mercantile Exchange).
Factors that contributed to the spike:
Steep drop in the U.S. dollar
Increasing hope that the U.S. government rescue plan will serve as [...]