Seeking Beeks

"Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness. Super Bowl, World Series--they don't know what pressure is. In this building, it's either kill or be killed. You make no friends in the pits and you take no prisoners. One minute you're up half a million in soybeans and the next, boom, your kids don't go to college and they're repossessed your Bentley."
--Louis Winthorpe III (Trading Places)

The technical picture in commodity land looks interesting for a trade.

Using a weekly horizon, prices are resting on uptrend support, as well as the 50 day MA. Stochastics are crossing low.

Pretty nice defined risk setup for a trade back toward the top of the channel.

Would also think that if commodities break down right here, then the implications for stocks are likely bearish as well.

position in SPX