just from a different viewpoint commodity market is brutal and...

just from a different viewpoint
commodity market is brutal and is led by currency market

which market is bigger. currency or commodities

charts over last 5 years fall into 2 groups. group A led by spx straight channel up. been pretty easy since spx 1050 held. doubled and strangled commods. banks and blue chips the winners here with low interest, stability and property price recovery

group B led by JPY straight down

fast forward to Jan 2016 when all changed. 2 groups swapped. then end april 2016 japan shock forex decision cemented the change for mine. may get some churn but market knows it has changed. just matter of time here.

blind time and spx under pressure here. group 1 down. group 2 reversion trade is up for mine but will see. fed is still in control of it all
trend is up on oil since jan. same with gold. silver took awhile. market is pricing in change already. longer term i think oil has had its day with clean energy taking over but will take some time to play out.