Copper continues to bounce between 3.72 and 3.93 and is just oscillating within a wedge as it comes into play with the 200-day MA. The daily formed a harami, but confirmation above is necessary. A break lower could find support at 3.64
US Dollar index threatening a trend line breakdown. Daily put in a small bear flag while the weekly showing a 2b short setup
Similarly, the EURUSD pair is not backing away from that overhead trend line. A break of 1.33 could lead to that 1.345 level
Crude Oil - Continues to flag. A lot of buying tails above $105 on the most recent weekly candles. A break below $104 could cause long positions to be covered, while $110 is still a significant resistance mark.
The Russell2000 index is 4.4% from all-time highs. While we saw a false breakout to start the week price pulled back into its comfort zone under 830, however, it closed the week right back at the weekly open right on the 830 number. This could be a big tell in the next week or two as to whether it is going to try for an all-time high.
The Transportation index pulled back pretty hard this week, forming a double top. Watching to see the speed in which it comes back to test the 5300's this week.
XLF formed a long-legged doji on the weekly. the pullback from momentum has been pretty mild so far. Still inherent strength
XLE came down into support. Harami on the daily. $75 a big number to overcome
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