Energy’s Setting Up

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The commodity complex continues to shape up.

As I mentioned in yesterday’s note, metals tend to lead the cycle—and that’s exactly what we’re seeing. 

Gold’s ripping, silver’s breaking out, and strength is building across the space.

If these moves hold, it’s not a matter of if energy joins the party, but when.

That’s just how the cycle flows. Gold, then the rest of the metals, then energy.

Gasoline’s holding firm, and crude’s lack of downside follow-through has me thinking a scoop n’ score is imminent.

I’m watching closely for energy to dig in and start showing leadership off these key levels.

Seeing these two tops fail to complete is the first step for that to happen.

Steve and Jason spent 45 minutes breaking this all down—what’s playing out now and what’s likely coming next for commodities. Check it out here.

A big move feels like it’s brewing—and I want to be ready for it.

I just bought some call options in $CVX and $USO this afternoon for Breakout Multiplier. If you want the details, click here.

Have a good weekend,

Alfonso