The entire commodity sector is getting smashed again today as the POSX once again bounces from its primary, short-term trendline.
I'm not even sure of where to start this morning but let's begin with WTI crude. It just traded under $50 for the first time since August of 2017 and it's now down 35% from its peak back in early October.
Now check the chart below. Be sure to note that this is not a simple plunge and smash. No, this is a steady, 45-degree descent reminiscent of what we see in nearly all manipulations and/or managed events. Something seminal is happening here....
