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Commodities Breakdown

Published 07/16/2018, 02:35 PM
Updated 07/09/2023, 06:31 AM
XAU/USD
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GC
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CL
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DBC
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Between weakness in gold (which is nearing its 7th consecutive year of its own private bear market) and an oil market that’s down over 4% so far today, commodities continue to tumble away from their reversal pattern. I’m not expecting a hard fall, but things certainly seem poised to continue melting away for weeks to come.

PowerShares DB Commodity Tracking (NYSE:DBC)

PowerShares DB Commodity Tracking

Latest comments

let me rephrase that i identify a long term up trend than i buy on weekness and that -20 r.s.i works 75% of the time i also use moving averages Fibonacci and the eliot wave are too complicated unless you have a program
No
i like to buy when the rsi is -20 and that always happens when the market is bearish if you wait to buy when every buddy is bullish is usually at the time the market is ready to turn the the other way
now is the time to buy when eberithing  is negative
Don't fire all over your bullets. This down trend is far from pver
Are you asking are telling me
U need a vision test ,, since bottoming couple of years ago oil is 60% up and gold 20% up ,, data doesn't start count from only 4 weeks back ..
Should buy gold now ?
With both hands..and maybe one leg,,
Go play is no movement in gold I can move silver
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