End Of Month Beatdown

All commodities are being smashed again today.

24
Fri, Nov 30, 2018 - 10:54am

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....

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Key Economic Events Week of 3/18

3/19 10:00 ET Factory Orders (Jan)
3/20 2:00 ET FOMC Fedlines
3/20 2:30 ET CGP presser
3/21 8:30 ET Philly Fed
3/22 9:45 ET Markit PMIs
3/22 10:00 ET Existing Home Sales
3/22 10:00 ET Wholesale Inventories (Jan)

Key Economic Events Week of 3/11

3/11 8:30 ET Retail Sales (Jan)
3/11 10:00 ET Business Inventories (Dec)
3/12 8:30 ET CPI (Feb)
3/13 8:30 ET Durable Goods (Jan)
3/13 8:30 ET PPI (Feb)
3/14 8:30 ET Import Prices (Feb)
3/14 10:00 ET New Home Sales (Jan)
3/15 8:30 ET Empire State Manu Index
3/15 9:15 ET Cap. Util. & Ind. Prod.

Key Economic Events Week of 3/4

3/5 9:45 ET Markit and ISM services PMIs
3/5 10:00 ET New home sales (Dec)
3/6 8:30 ET Trade Balance (Dec)
3/7 8:30 ET Productivity and Unit Labor Costs
3/8 8:30 ET BLSBS
3/8 8:30 ET Housing starts (Jan)

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