Commodities in general and oil and gold specifically have rallied very strongly of late. They are now overextended and appear susceptible to corrective action over at least the short term time frame.
Gold and Oil Correction Coming
| Gold •604 days | 2,368.70 | +35.30 | +1.51% | |
| Platinum •10 mins | 2,378.00 | +138.40 | +6.18% | |
| WTI Crude •11 mins | 67.27 | +2.06 | +3.16% | |
| Gasoline •2 hours | 2.068 | +0.036 | +1.77% | |
| Ethanol •604 days | 2.161 | +0.000 | +0.00% | |
| Silver •604 days | 30.82 | +1.16 | +3.92% |
| Silver • 604 days | 30.82 | +1.16 | +3.92% | ||
| Copper • 604 days | 4.530 | +0.111 | +2.51% | ||
| Brent Crude • 11 mins | 73.17 | +2.33 | +3.29% | ||
| Natural Gas • 11 mins | 2.863 | +0.036 | +1.27% | ||
| Heating Oil • 2 hours | 2.636 | +0.023 | +0.88% |
Aristotle said, “The most hated…
The Economic Community of West…
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Commodities in general and oil and gold specifically have rallied very strongly of late. They are now overextended and appear susceptible to corrective action over at least the short term time frame.
Gold and Oil Correction Coming