The big mover this morning is crude oil, which has shot over 5% (hey, that’ll help inflation and the economy, right?) since Trump and Putin are hating each other these days.
Gold, which taking it on the chin pretty hard in recent days, seems to have stabilized, although pushing past that horizontal would help solidify things further.
My own precious focus is palladium, which I re-entered with a “starter” position yesterday (arrow).
If /PA can hold above its low from Tuesday, it could be poised for a massive rally in the months ahead. This is an exceptionally well-formed base, but that red line must hold.
