Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Commodities: Economic Indicators You Can’t Ignore

by November 18, 2022
November 18, 2022
Commodities: Economic Indicators You Can’t Ignore

The commodities tried to rally but stalled this week at very important technical locations.

For example the DBC weekly chart doesn’t look very good.

The SCTR is plummeting after 1.5 years of strength. 1st red candle since October started.Relative strength in purple breakingNo volumePPO momentum right at zero and struggling to go higher.

Looking at XOP

Oil exploration companies are struggling to take out the spring highs. We have been here for three weeks.

Testing a prior high and struggling. Not uncommon, but hardly euphoric based on what the indexes are doing. DIA is up 20% off the lows.First blue candle at least hints at a weakening trend.No volume coming inPPO losing upside momentum

I would say this is still a strong chart but based on the DBC chart above it is worth watching closely.

I was so thrilled to see copper break out, only to see copper miners bang their heads on the 40 WMA. Important resistance until broken. SCTR ranking failing to hold up. The PPO is below zero and needs to continue to accelerate higher.

For me, it is starting to look a lot less likely that commodities can soar. One week doesn’t make a trend. I’ll have a lot more on my weekend newsletter. Critically important that we understand the economic indicators like housing, copper, oil, including commodities in general. If you would like to see what we offer, feel free to try a subscription at $7 at Ospreystrategic.org. It will let you check out our past picks and newsletters as well.

0
FacebookTwitterGoogle +Pinterest
previous post
FDA Announces LAB GROWN MEAT That Was Served at COP27 Climate Conference Is ‘SAFE TO EAT’: ‘The World Is Experiencing A Food Revolution’
next post
WATCH: Thermal Drone Video Shows Massive Group of Illegal Aliens Marching Like Soldiers Into Private Property in Eagle Pass, Texas

You may also like

Nasdaq 100 (QQQ), Communication Services (XLC) and Transports...

October 12, 2023

My Worst Call of the Year

December 24, 2022

The Wisdom of Jesse Livermore, Part 10

July 19, 2023

Week Ahead: What Should You Do As Nifty...

April 19, 2025

What’s the Secret to Crushing the S&P 500?

January 24, 2025

Price Pays… But For How Long?

June 20, 2024

Are ARK’s Innovation ETFs on to Something BIG?

December 7, 2024

2 Consolidating Stocks Ready To Resume Their Uptrends

April 8, 2024

Energy Names Implode

December 9, 2022

Volatility ($VIX) May Be Providing Clues of a...

February 3, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Starmer accused of betraying farmers as British food pledge stalls

      August 22, 2025
    • Fed rate cut looms after Powell’s Jackson Hole speech

      August 22, 2025
    • Tariff “Inclusion” Process Comes with High Costs, Absurd Outcomes, and Extra Cronyism

      August 22, 2025
    • Trump DOJ releases ‘thousands’ of Epstein files to House Oversight Committee

      August 22, 2025
    • Jackson scathing dissent levels partisan charge at colleagues after high-profile ruling

      August 22, 2025
    • ‘Leftist’ taxpayer-funded academy sparks backlash after moving against Trump’s rollback of key regulation

      August 22, 2025

    Categories

    • Business (8,857)
    • Investing (2,235)
    • Politics (16,464)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved