ENERGIES: 12/14/09 Higher closes last Friday, for heating oil and the rbob while lower for crude oil and natural gas. The crude made its lowest low and close since early October while the heat is in a small BEAR PENNANT and the rbob made a new recent low before closing higher in reversal type action. All of the crude complex still look lower overall. Natural gas made its highest high in 1 1/2 months before settling lower in reversal type action but is still looking to move higher at least in the short term.
METALS: 12/14/09 Higher for copper but lower for gold, silver and platinum. All of the metals continue to be in up-trends overall but are forming possible tops. Gold, silver and platinum have been approaching critical areas to hold at this time. BUY SIGNALS FOR COPPER, GOLD, SILVER AND PLATINUM