Commodity Carnage

We saw some massive moves today, especially in the commodity related space.

Below are a few charts worth checking. We mentioned oil and huge levels yesterday, but didn’t think we would see such a strong move today.

Dr Copper fell violently and is closing in on the big 6000 level.

Bloomberg Commodity Index gapped lower and closed on lows.

Global Copper Miners ETF gapping massively and closing absolutely dreadful.

We saw volatility across equity indices spike higher. Below is a 2 day chart of VIX, V2X and VXEEM.

The Yuan tumbled violently.