Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	979.40	-0.20	-0.02%
WTI Crude •10 mins	62.49	+0.22	+0.35%
Gasoline •15 mins	2.086	+0.002	+0.08%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.35	+0.23	+0.35%
Natural Gas • 13 mins	3.005	-0.017	-0.56%
Heating Oil • 16 mins	2.131	+0.004	+0.18%

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Cyclicals are Poised to Move Sideways

By - Feb 18, 2013, 1:25 PM CST

The Morgan Stanley Cyclical Index has advanced to 2007/2008 highs, traders have solid profits with an index at massive resistance suggest at the very least profit taking to commence, or Wyckoff distribution to move front and center.

The Morgan Stanley Cyclical index is made up of solid companies (only 1 bank) that are very sensitive to economic conditions (economic canary) and is a must watch to ensure trends by SP500 and DOW are solid. After a great run to long term resistance, what trader wouldn't take profits?

Ms Cyclical Index - Resistance from 2007/2008
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