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 12/10

12/11 8:30 ET Producer Price Index
12/12 8:30 ET Consumer Price Index
12/13 8:30 ET Import Price Index
12/14 8:30 ET Retail Sales
12/14 9:15 ET Industrial Prod. and Cap. Utilization
12/14 10:00 ET Business Inventories

Key Economic Events week of 11/26

11/27 9:00 ET Case-Schiller home prices
11/27 10:00 ET Consumer Confidence
11/28 8:30 ET Q3 GDP 2nd guess
11/28 10:00 ET New home sales
11/29 8:30 ET Personal Income and Spending
11/29 10:00 ET Pending home sales
11/29 2:00 ET November FOMC minutes

Key Economic Events week of 11/19

11/20 8:30 ET Housing Starts
11/21 8:30 ET Durable Goods
11/21 10:00 ET UMich Sentiment
11/21 10:00 ET LEIII
11/21 10:00 ET Existing Home Sales

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