From the Desk of Ian Culley @IanCulley
After months of selling pressure, the most widely followed commodity contracts are testing critical potential support levels.
More importantly, these support levels are the prior-cycle highs marked by the 2018 peaks. If there was ever a place where the bulls needed to step in and repair the damage this is it!
But, if these levels fail, we’ll have to rethink the structural uptrend in commodities.
Let’s run through the charts.