Short

Failed 180ema and back in channel.

Coming from overbought territory and failing the 180ema, TCK is back in the channel. We also have all of the base metals that have been on a crazy move and now pushing major multi-year resistance levels, notably HG (see chart below). Moreover the COT for HG appears to be rolling over this week to.....

I would expect TCK to get back to it's lows.

snapshot

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