Commodities Update


An up to date look at the gyration in prices and exploring potential setups. Please take note this is not a recommendation or trading service.



  • Looking very toppish and will not be surprised to see daily RSI moving lower to ease off from the overbought levels



  • Technically under pressure to retrace lower – perhaps to find support and test buyers resilience
  • Completed the small IHS and now consolidating



  • Approaching potential sell zone but without a break below the uptrend line, we cannot confirm to take a trade
  • We need confirmation from lower time frame of a confirmed break in the market structure
  • US Oil inventories data today



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