The New CS Board

[dww10063]

Re oil. Hi stock, I don't really follow the oil/energy commodity markets very closely, mainly because PRPFX manages goldstuff and energystuff so well for me with a bond cushion. That said, I occasionally trade GSG which is 68% energy. Crude is basing 2yr support, GSG has broken down from that but both are showing interesting technicals on CCI34 trying to end the downtrend. Crude seasonality may be of interest, and based on seasonality now is an opportune time to buy if a recession isn't in the cards. TNX/IRX has looked ressionoid all year, see a better view with real rates where real 10yr above zero and moving higher while real 91d is below zero and moving lower could suggest a potential bottming in commodities. But if you see real 10yr go below zero, look out below on commodities. Best, Don