Two weeks back, the rally halted near $238 area with "hangman" bearish pattern. Thus far, the index lost $14 i.e. over 5% & fallen to $224.
Is it bulls market is wanning in commodities? It is premature to say so. Trading below $223-$220 levels will weaken the structure further, at least in near term. On the upside $232-$234 is the 'lifeline' for the bulls.
