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We have been turning progressively more bullish on commodities as evidence has accumulated from individual members of the group – all updated lower down the page in this edition. Now we also have daily-scale bottom extensions in two of the indices…

All energy markets have fallen in the last two weeks as part of the general wave of liquidation that has flowed around the world. Now, we see the first bottom extension – a sign that these markets should not be…

We reported two equity market bottom extensions in the Monday edition after markets began their decline on Friday. There have now been many more – too many to show here, so we will use the S&P500 futures contract as an example: We…

The general selling pressure that has been building in bonds finally spilled over into stocks last week and prices dropped sharply. We have been pointing out for some time that there have been top extensions at every time frame in US…

Several US$ instruments have made extensions in the sharp weakness of recent days, which was seemingly encouraged by some intemperate remarks from members of the Trump administration. The existing $ downtrend then steepened and these extensions are the result: The…

Several delivery months of corn futures compressed on Thursday and may be breaking upward today – July is shown below. We have been calling for an end to the downward bias in grains for some time and this seems to…

Last week WTI and Brent crude oil futures made weekly-scale top extensions. Both had already made daily-scale top signals as reported in the January 10th edition – only the new WTI signal is shown here, as they are identical in appearance. At…

In the general enthusiasm for  stock markets, one sector has become an orphan – US Real Estate. These charts show a popular ETF that invests in all kinds of property company assets, from commercial through agricultural and residential. All real…

The American $ has been weak for over a year, within a broad range that has roughly held for three years. It has not been precisely well-defined, but it has nonetheless been a range: At the beginning of 2017, this…

Bothe Brent and WTI futures made top extensions yesterday, after a steady rise in oil prices from lows last summer that has accelerated upward in the last few weeks: Prices have now increased by around a half since the deep…