Excerpt from:  Financial Spread Betting Strategies
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March 20, 2008

Financial Spread Betting Strategy: Profit Taking Sinks Commodities

Spread bets on commodities
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Financial spread betting strategy should consider that commodities are dropping today as profit taking causes dramatic drops. Oil prices dipped below $100 a barrel, and gold and platinum fell dramatically as well. Reuters reports information that could help with spread bets on commodities:

The dollar rallied on Thursday as investors took profits from oil, gold and other commodities, repatriating their cash back into the beleaguered U.S. currency ahead of the Easter break.

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