Purely Technical Nightly Commentary (Oct 18, '06):
Tonight's commentary will cover the short to medium term picture on Livestock Prices - Goldman Sachs Commodity Index (GVX).... Also please check out over 30 stock picks provided complete with annotations showing trigger, target and stop loss levels.. You can view them at our Stockcharts.com Public Listing.
On to tonight's commentary...

The Livestock prices index is sitting at a crucial level - 212.5. If support at this level fails, a move to longer term support at 197 is potentially on the cards. Looking at the longer term charts, it seems like price is trying to form a triple top at the 235-240 level, with the neckline at the LT support (marked on this chart) at 197. To keep abreast of major develpoments in this and over 100 other sectors that we follow make it a point to read our nightly commentary and Weekly newsletter.
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