[pcabc]

Interesting on the commodities front

I plot a commodities ETF versus a basket of commodities.  This basket excludes previous metals and oil and gas. On price [1] there was a pennant / flag, which broke out on the upside and promptly failed.  The A/D line [2, red] has diverged (not clear on this chart scale) but the a/d volume [2, yellow] has not.  Weinstein Momentum [5] is falling and the 1% A.D line has crossed below the zero [6].  The various McClellan indicators [7-10] are all negative.  The % stocks above their 20, 50 and 200 day EMAs have all dropped significantly as has the Silver and Gold Cross Indicies [14 & 15].

Perhaps someone with more knowledge of economics would like to comment?