Everyone's bullish commodities and calling for a supercycle and a breakout here. However, every commodity chart looks like it's in the process of topping or has already topped. Then if you look at this chart, it just hit resistance again and hasn't been able to break through. The highest probability scenario to me here is that we reject and fall lower to $96,...
Another day another idea that I found interesting from my indicators perspective
Our CFTC prop research points out the Bloomberg commodity index is headed lower. This has a wide ranging effect on global indices and sectors that are heavy weighted trading or using Metals, Natgas and Oil.