Ya know, there’s only so much one can say about an equity market which has been caught in a range for a freakin’ solid month (“Welp, it’s not the top; oh, look, it’s near the bottom; whoopsie, near the top again!“) It’s a bore. So a little change of pace: commodities.
Here are a smattering of charts with a few words about each in the caption area:
Crude oil with retracements and fanlines; targeting the low 40sFeeder cattle and its fanlines; a break below the green horizontal would badly weaken itCopper and its retracement levels, with a core break happening nowThis chart goes back to the 1950s, and soybeans are nearly crucial support2 Year Treasury Notes looked doomed, long-termGold is looking fantastic on the long sideCopper and Fibonacci fanlines; serious breakdown in play
