For the Week Ending August 30th, 2009
General Comments Last week saw very little in the way of real price action and set up some congestion ahead of volatility expected this week. I continue to expect a strong dollar rally, stock market decline and weaker commodity prices ahead. Energies Crude oil resisted out below the recent highs, suggesting a weak buying interest at these levels without further bullish catalysts. The real story here is the fall of natural gas, disproportionately collapsing compared to other energy markets. I
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