PEN 5.00% 10.5¢ peninsula energy limited

karlos, yes also got my eye on CRB and I must admit I suspect a...

  1. 2,859 Posts.
    karlos, yes also got my eye on CRB and I must admit I suspect a break above the 325 level which will mean new rally highs (above 370, probably around 400). It will lead me to believe the high of 2013 will be higher than 2012 before making a big downmove. The CRB is dominated by oil so the CIB (Continuous CRB may be better to look at). Perhaps a move up now over 325 before a pullback and then move up higher. This would fit my AUD view of new monthly highs ($1.07???) before going sub $1 and then back up to all time highs.

    I think uranium will play its own game. A low in 2013 for PEN would actually look better on the yearly chart, to me anyway.

    PEN has actually been trading in the opposite direction to CRB. PEN going down as CRB goes up.

    EC
 
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