This weeks Commodities Countdown covers off what I expect from a big bull run in Commodities. I cover off the gap up in Natural Gas, crude oil over $60, Gold and Silver testing important trend lines and resistance. The big trade of 2018 which I think will be the $USD. The recording goes into big details on all of these trades. The steel ETF is breaking out to new 5-year highs, Copper hit 4-year highs this week, Aluminum popped up as well. Probably the most bullish sign on the charts was the outside month on the $CRB index. It tested lower and looks to close at the top of the range.
Commodities Countdown Recording With Greg Schnell 2017-12-28 from StockCharts.com on Vimeo.
Good trading,
Greg Schnell, CMT, MFTA
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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