Happy almost new year.
Our recent oil/energy/commodity theme continues this morning as the dollar continues to slump, lifting commodities. Price of oil, copper, steel and all that crap continue higher. Copper is up 16 days in a row. Recent breakouts in SCCO, RIO, BHP, SCHN, STLD and others working. Time to look for anticipated but not guaranteed pullbacks.
We shall leave it at that. Happy new year. If you are drinking New Year’s eve…DO NOT DRIVE.