Commodities Essential - October 28, 2011

The dust has settled. 


Here’s a look at some charts …


 


For the most part, my bearish view on the major commodities remains intact; but this week’s broad market optimism is calling that view into question, at least. In the audio/visual analysis in the link below I go through some technical set-ups that suggest commodities could be finding key resistance very soon. In that light I’ll likely have some new trade ideas early next week, as I think we might be able to capture at least some near-term downside if not the start of a major leg lower… 


 


28 October 2011: Audio/Visual Chart Update