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 •653 days | 2,368.70 | +35.30 | +1.51% | |
| Platinum •15 mins | 2,141.70 | +29.50 | +1.40% | |
| WTI Crude •15 hours | 84.98 | -9.71 | -10.25% | |
| Gasoline •15 hours | 3.012 | -0.151 | -4.79% | |
| Ethanol •653 days | 2.161 | +0.000 | +0.00% | |
| Silver •653 days | 30.82 | +1.16 | +3.92% |
| Silver • 653 days | 30.82 | +1.16 | +3.92% | ||
| Copper • 653 days | 4.530 | +0.111 | +2.51% | ||
| Brent Crude • 14 hours | 90.38 | -9.01 | -9.07% | ||
| Natural Gas • 15 hours | 2.680 | +0.033 | +1.25% | ||
| Heating Oil • 15 hours | 3.436 | -0.397 | -10.36% |
Wells Fargo has done it…
An economic slowdown in many…
It’s a mistake to view…
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