Commoditys Have Rolled Over Enough

Energy, grains, metals, and softs all have rolled over. Meats, not so much. The FOMC will jump on this as an excuse to speak as doves. There language will cause bulls to run with it. Smart money is already in. I may be wrong. One thing is fairly certain, every FOMC decision day is up. Good Luck!

 

Gasoline RBOB at a 6 week low / down $1.18 from the highs is the big one.

 

is there such a thing as "rolled over enough"

some of this shit looks dead.

 

$COPPER has a huge base, and hasn't really broken out yet (> $4.50/lb.)

When copper does break out, imagine Powell trying to get positive GDP (non-recessionary),
with $copper soaring.
I don't think so.

 

day traders are not interested in the daily chart rolled over, rolled up, rolled down, rolled through ... things

we are only interested to know how big the daily chart day range is.

 

These are weekly charts, not daily.

 

the chart I posted has monthly bars.
The implications of monthly bars is much more serious than the shorter time frames.

 

Weeks and months are way beyond my trading horizon. A week to go in the current month maybe Copper has found support. But with rising rates almost everywhere around the world I'm thinking that is only temporary.

 

I didn't see Milk, very nice longer term market to trend and trade.