It's not just oil that's poised to go lower... It's probably the entire commodity complex. Looking at the long-term chart of DBC, I see the following: • Failed breakout to new ATHs • An official lower high has formed • A clean rebound on the 200-day MA cloud Look, maybe it's a massive cup & handle setup. But I have a gut feeling that DBC is going to break below its 200-day MA cloud and continue to stay trendless (or in a downtrend, like mid-2022 through mid-2025). If commodities cool, that will help to alleviate most inflationary pressures (particularly as base effects from tariffs roll off).(Caleb Franzen)