Market Analysis for Jun 17th, 2021

Be very careful on being too early in some commodities...general comment here as I'm seeing lots of bloodbaths

ZS/soybeans, PA/palladium, PL/platinum, Palladium/PA all taken out to the woodshed today...pretty much limit downs across the board like -10% avg on the day for these. There's a time and place for everything. ( If you caught the shorts instead, congrats tho) 

Catching a falling knife in commodities is not something that is kind to your accounts (I learned the hard way, believe me...it is not like equities where max pain is not much. Commodities you could lose your shirt, your wife and your girlfriend)

Personally, need to see some base building to get interested again if going for long setups, (a little too late for shorts, missed the bulk of move so we'll have to re-configure)