I am sure everything happen nowadays that reflect the commodities price is because of Libya issue. Hey Gaddafi, could you step down and help us?
Libya is the 8th largest oil country in the world, and anything happen to Libya surely will affect oil price. I am expecting our Ron95 and Ron97 price will also increase from MYR1.85 and MYR2.50 per litre to a new price within the nearest time. I read an analysis from some other sources, most of them expecting that crude oil price may continue its uptrend until 106 per barrel. 🙁
Gold price, my previous analysis said it will going down due to diagonal triangle pattern, but as we know.. strong fundamental may over write the technical. Libya. oh Libya. By the way, I am expecting gold price will going down a little bit, standing on four top. I do hope gold price did not break 2010’s high which was at 1430.