VIDEO: Commodities - a warning sign in the charts
This video looks at a selection of charts from the Tuesday Macro Technicals report. The charts show a couple of proprietary breadth indicators from Topdown Charts and an objective analysis shows a couple of technical patterns (breadth divergences) that often show up at turning points. Topdown Charts Head of Research, Callum Thomas, notes that these chart patterns are flagging potential downside risk for commodities as an overall asset class, and that such a conclusion has obvious near term implications for risks and opportunities directly related to commodities, but also how major movements in commodity markets tend to reverberate across global markets and have wider global macro implications.
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