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.