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Commodities are Getting Hit Hard

In this week’s edition of Moxie Indicator Minutes, TG explains that, while the SPY seems like it is trying to hammer out a local bottom, other bullish areas of the market are getting hit hard. The main thing we are seeing there is that commodities are showing significant signs of lowered demand and could also be a signal of global economic slowdowns. If the market does have a bullish run next week, it could also be right into a shortable opportunity.

This video was originally broadcast on June 24, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!

New episodes of Moxie Indicator Minutes air Fridays at 12pm ET on StockCharts TV. Archived episodes of the show are available at this link.

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