Watchlist: 7/13 Commodities Level Off

Market notes:

Lumber prices, which doubled earlier this year, have returned to 2020 levels. A classic boom and bust as demand went crazy but supply finally caught up and exceeded.

The housing market remains strong. Other commodities like oil and steel are rising. But gold and cooper are well off of highs.

Markets notched another record-high close yesterday. This morning a host of new low floats are in play.

Bitcoin remains unchanged. I’m still buying.

Watchlist:

*Low Float

*CLWT watching for a setup above $5
*RNAZ has support at $7
*WORX has support at $3
*BBGI has resistance at $3.40
*CRTD has support at $8
SGOC is on watch
XELA has resistance at $4
NOK has support at $5.70

OTC (on watch, no levels):
HTZZ, RECAF, DPLS, MJWL, NLST, LWLG, EEENF, STLHF, LKNCY, PHIL, NIHK

watchlist

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