But even a retracement to the support zones in the daily & hourly charts suggest this would not lead to massive crash. (Being a perma-bear, ignoring reality and fundys; just charting.)
The 1HR chart shows good break of H&S pattern:
Big moves in treasuries are likely not over; cannot consider buying the lows, will eye pull backs to sharp TL for shorts - long term support levels @ 122'315
RB Gasoline - will watch closely for another RSI signal @ highs around the HVA in the 3.05 range; perfect sell signal in Feb.
No indication of oversold yet on 1hr, will be eyeing NPOC from July above daily target as key resistance.
HO - heating oil having some unusual activity from a seasonal perspective, following WTI/Brent higher.
Daily resistance BO may be coming if WTI/Brent continue breaking higher.
GC - gold bulls back in form again.. likely to be horribly disappointed. I may dedicate a larger post, for the record on this one.
Daily chart, indicates 3 key levels of resistance, of swing highs $1425 & $1485, NPOC not far off from here @ $1383. The developing channel looks more a bear flag.
The 1HR chart has nice confluence with June NPOC @ 90day POC being in same level.
Silver clearly under heavy short squeeze more so that gold. They move in similar fashion, so when silver's drop was more exaggerated, this comes as no surprise. Eyeing the LVN @ TL as major resistance.
PL - platinum definitely broke out over TL, but is reaching key resistance zone of levels; LVN and HVAL should halt this run for a pullback, but 1yr POC could be in the cards if shorts continue to scramble.
The rising channel resistance is nearby as well.
PA - palladium is a jittery thing; three bull flag BOs all pretty good moves. Will eye for pull-backs to 1yr POC @ 734.