Crude Oil Update 7-7-11

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WTI Crude Oil continues to close in on $100 level. We had API show a decrease in supply inventories and EIA reported a decline as well >> link
ITZ suggested entering Proshares Ultra Crude Oil etf (UCO) at $42.50 & $38 (1/2 positions), closing price today $45.28...up about 12.5%. ITZ is targeting $47.50 nearterm or about $100 on West Texas Intermediate Crude Oil. Longer term ITZ has a PT of $120 on crude.

CNBC's Bertha Coombs reports oil prices rallied near the $100 dollar mark on today's strong economic reports.

For Past ITZ Posts Click Here

COPPER Update 7-7-11

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ITZ has been bullish on copper for awhile now, it has been in bull stealth mode, quietly rising as traders focus on gold & copper. As with oil, copper and somewhat silver are industrial based commodities...what are they signaling? The U.S. Dollar has been rising...is there a disconnect? 

Past ITZ Copper Posts June 29th, June 20th , May 25th Futures copper charts, quotes

Note* PnF Chart PT $500 Chart

Gavin Wendt, Senior Resources Analyst at Mine Life, explains why he is bullish on commodities.

Silver Wheaton (SLW) Update 7-6-11

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Dollar, Gold, Silver, Oil: Update 7-6-11

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Past Itz Posts Click Here

U.S. Dollar Update 7-5-11

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Concerns over Greece have somewhat subsided from 5 weeks ago. Itz post

Keep an eye on 76.50 level on the dollar, since May 1st we've seen a higher low on the dollar as well. ITZ is watching the Commitiments of Traders (COT) on the dollar.

Itz mentioned the strength in the Canadian Dollar earlier today. Report

Futures Price Quotes, Charts & News   Past Itz Posts Click Here

Oil, Gold, Silver, Canadian Dollar Update 7-5-11

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Past Itz Post Click Here

Get Ready for $150 Oil!

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Gold, Silver & Copper : Mid-Year Update

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Gold & Silver are taking a hit today, while Copper prices continue to rise. Itz has been calling for copper to rally (*see past posts).