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 1/14

1/15 8:30 am ET Producer Price Index
1/15 8:30 am ET Empire State Mfg. Index
1/16 8:30 am ET Retail Sales
1/16 8:30 am ET Import Price Index
1/17 8:30 am ET Housing Starts
1/17 8:30 am ET Philly Fed
1/18 9:15 am ET Capacity Utilization and Ind. Prod.

Key Economic Events Week of 1/7

1/7 10:00 ET ISM Services Index
1/7 10:00 ET Factory Orders
1/9 2:00 ET December FOMC minutes 
1/10 Speeches from CGP, Goons Bullard and Evans
1/11 8:30 ET CPI

Key Economic Events Week of 12/31

1/2 9:45 am ET Markit Manu PMI
1/3 10:00 am ET ISM Manu Index
1/4 8:30 am ET BLSBS
1/4 9:45 am ET Markit Serv PMI

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