From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
Commodities continue to churn as they digest recent gains. This has been a recurring theme over the past several weeks.
However, there are signs that this might be changing.
For instance, Lumber pushes to new all-time highs, Steel futures hit new highs, and Platinum is back above a key level of resistance.
Pockets of renewed strength have started to pop up across various groupings within the Commodities space. That’s valuable information.