Pit trade Friday finished with Crude Oil prices down 3.6% to 79.20 bbl. The energy component's weak close added to its Quarterly loss, which totaled -17.0%.

As for Nat Gas, its price tumbled 2.1% to 3.67 per MMBtu, which is 16.0% below where it began the Q-3.

Precious metals put on a mixed performance Friday, and the Quarter for that matter.

Gold prices eked out a 0.3% gainer to close the week at 1622.30 oz. The precious Yellow metal was a bright spot in the Quarter advancing 7.9%.

Silver prices slid 1.4% to 30.08 oz in Friday's pit trade, but booked a 13.5% loss for the Quarter.

The CRB Commodity Index, a collective measure of commodities, closed today's trade with a 2.6% loss at a new Y 2011 low. The CRB logged a 12% loss in Q-3.

Paul A. Ebeling, Jnr.

 

Paul A. Ebeling, Jnr

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.