Commodities overall trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.
Long term primary trend for commodities is down. It's hard to read because it's a long term chart. LTCO is less than zero, so the primary trend is down. If you're bullish, you're fighting the tape. Maybe you're bullish because you think a bottom is due? BrT = 57 and BrST = 1.75, what says the primary trend is 57 months old and 1.75 standard deviations against the average historical cycle (Matrix Line 106). In other words, if you're bullish based on TIME (a bottom is due), you're month, maybe a year early. It's better to watch from the sidelines than be early.
Knowledge is power. Most fail because they do not understand that the invisible hand is more knowledgeable than commodity experts.
Long Term Commodities Trend
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