From the Desk of Ian Culley @IanCulley
Not only are commodities losing their leaders, but the leaders are losing their former 2018 highs.
Heating oil futures just posted their lowest level since February. Meanwhile, gasoline and crude have printed fresh year-to-date lows, taking out their prior cycle highs.
Now what?
Should we expect broad selling pressure to hit the commodity space?
Not so fast… [Read more…]