I was going through my charts for the day, and I thought enough of this one to give it its own post. This is the Chicago Mercantile Exchange, kind of the ultimate commodity play if you will. It has had a nice long run, stumbled a bit, and now gapped down 10% but has maybe found some support at 186 or so. Somebody was disappointed with the earnings call this AM, I guess. When you put this together with the possible uptrend break in the CRB I pointed out the other day, is it meaningful? Is the commodities bull over, or just taking a break?
Or not?
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