Many investors and traders shy away from commodity trading because they do not understand how the commodity markets and commodity trading works. It is important to understand the basics of commodity markets and commodity trading prior to considering trading commodities.

Petroenergy Resources Corporation or PERC as listed in the Philippine Stock Exchange provides specialized technical services to oil-exploring companies in the Philippines. Technical wise, the PERC stocks broke out from its 4-year downtrend last December 8 as seen in the image above.

Bling bling! Gold hit a fresh all-time high this week when it reached $1,282.53 per ounce. In my previous post about gold last September 2 (please see it here), I noted that it was already poised for an upside breakout at that time. And guess what, it did just that as it surpassed its previous high at around $1,265.05 per ounce. At present, gold is trading just below $1,280.00.

Commodities and stocks almost look ready for a rally or at least a relief bounce. The market is down over 5% and the normal pullback this year has been 4%. Using technical analysis and inter-market analysis we can see that the market is reaching extreme lows and this usually means we are only a couple days away from a rally.