Specs had some room to buy and the CRB in general was off its highs which sparked a commodity wide rally in almost everything. The stock market took a bit of a hit on mixed economic news coming from the Fed and continued uncertainty over future economic growth. We erased all the negative technical resistance over the last two weeks and look to be in a position to test the highs.
RSI is back above 50, but certainly not showing signs of being overbought as we should see some good follow through tomorrow from the funds into good scale up trade selling.