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I just went through 180 long-term commodity and futures charts. Here are those I found most interesting (remarks in the caption area below each image)

same story I’ve been harping on for weeks: the right triangle spells a potentially large plunge in oil prices

This is also reflected in the Brent crude oil market

Germany’s DAX futures finally hit some selling on Friday, having risen nonstop since April 7th

The same can be said for France’s CAC-40, although its pattern is clearer

Gold has been struggling in the past few weeks to regain its monster momentum from earlier; I cheer on its ascent, to be sure, although it may need more time to digest those tremendous gains

Getting back to energy, we can see heating oil illustrating the same “teetering at the precipice of support” setup

One outlier for energy may be natural gas, which for decades has been roughly adhering to this sinewave, which suggests stronger prices for the next couple of years

Some folks think that palladium just needs to wake up and catch up with gold, but it seems to me that if the metal can’t do well in such a thriving market, something must be very flawed with its future

The small-cap futures (Russell 2000) did a beautiful job banging off its Fibonacci resistance, affirming for the umpteenth time over the course of the past few years how vital these levels are to /RTY

Lastly, on a positive note, I think silver may be at the cusp of a breakout; such a move would garner it some much-needed attention from those who want to get into precious metals without paying the runaway prices that gold has already enjoyed

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