[stock-ticker]

Warning: GSCI Industrial Metals

GSCI Industrial Metals index on a monthly perspective has developed a bearish three-candle-setup, otherwise known as an evening star. From the lows of 1Q16, the index has advanced +70%, but in 2018, the index has outright stalled. This could be a forward-looking indicator of a global growth slowdown, or at least the global synchronized growth narrative starting to crack. Perhaps, a China slowdown is coming our way in the second half of 2018…

The index also developed a large symmetrical triangle testing the upper rail of the supply line…

More specifically, /hg copper has hit resistance at .50% Fib around 3.30 mark