And the market is vacillating between macro headwinds following economic slowdown and robust company earnings.
The market is giving no clue as to which way it is headed, so stick to fundamentals.
Data has been decent, but is showing signs of softness as the demand collapse in the rest of the world feeds into U.S. data.
Prior chart patterns don't always repeat themselves, but they are worth watching for when they do.
At times of indiscriminate selling, it pays to be cerebral.
The Chinese central bank is moving to boost asset prices and offset trade war and slowdown fears.
Rather than a squeeze on aluminum, this is about how warehousing companies are managing inventory based on spreads, physical premiums and carry.
As the market plays wait and see, the Chinese infrastructure boost is kicking in, making copper a good bet.
Investors should focus on specific commodities, like Copper, where fundamentals are clear.
Oil markets are fine on the supply side, but demand will be a problem into the next quarter.