Tuesday, May 12, 2009
Commodity check up
Here are a few charts I quickly popped out on a few commodities. What they show, by and large, are the status of various things as the elephants play around and have some fun. The broad market and commodity rallies are getting long in the tooth, but these charts say there is still some good potential upside, or at the least that none of these are as yet broken. Risk is rising, but so is the hopeful sentiment rally, for now and until we get something other than normal tests of support.