Teck Resources Ltd (TECK)

[nowwhat2]

Well a bottom in Teck Corp might have looked like this :





Whilst a bottom in Commodities (as rep by the HUI Index) might have looked like this ?
For some reason I was quite sure that that 1999 red circled O . . . .
Was destined to play a key role.



And it took many months for it to actually get HIT !



But boy once it got hit, will ya' look what it did !



Compared to/with TCK (and with your steels ?):



So THAT'S what a bottoming in commodities LOOKED like ! . . . .

*Happened WEEKS ago

Since then it has traveled up into (a bit) oversold - IMHO

I'm looking & hoping for a decent pullback......

Because I suspect that we've seen almost good confirmation.

.