Shanghai Composite made 2.5 year lows this week and last week.
In the same week, Copper made new lows.
Every chart is at a decision point. They are all lined up.
Here is the Commodities dashboard again.
$WTIC is trying to rally above the 10 week. It's pretty important.
Europe isn't the only deal, but it is the one in the headlights. Asia isn't pointing higher yet, nor are the commodities. We'll keep watching.
Good Trading;
Greg Schnell CMT.
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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