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Commodity Research Bureau Index (CRB) of late hit its 61% fibonacci retracement level at (1) and at the same time FCX was creating a bearish rising wedge at resistance point (3).

Major Trend Change at hand?  Too early to tell, yet from a pattern perspective it was a great place to enter positions to score on defense in SMN & DUG!     This situation could be just as important and have the same outcomes as the summer of 2008 for the CRB….

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past