A hunch

Are commodities near a bottom?  Maybe.  We're seeing a handful of signs that lead me to believe we're about to see a decent commodity bounce.  Here's a list:

Recent relative strength in oil and energy stocks.

Oil never even broke a support on this market push lower.

A strong reversal candle Thursday in Natural Gas.

Gold breaking out of a head and shoulders bottom after forming a higher low

A key reversal day in the Brazilian Real

Is this a short term bounce or something bigger?  Who knows, it varies depending on the market.  Maybe it's just a sign of dollar weakness in the next few days.  I just thought this is worth pointing out for the next few days move.

Thanks for reading, trade 'em well!