Commodity vs Equity market comparison

Here's a COMT, VTI & VEU 3 split chart layout with 1 week, 1 day & 1 hour charts. COMT is white, VTI is blue and VEU is yellow. This includes my personal commodity channel indicator with COMT white, VTI blue and VEU yellow. At these exaggerated levels, with FOMC 3/16, quad witching 3/18 and spring season 3/20, I am looking for a commodity peak and pullback.

COMT = iShares GSCI Commodity Roll Strategy
VTI = Vanguard Total Stock Market Index
VEU = Vanguard FTSE All-World ex US Index

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com/u/growerik/

Comment:

Backwardation is when the current price, or spot price, of an underlying asset is higher than prices trading in the futures market.

Comment:

screenshot 2/7/22

Comment:

4:30pm: U.S. crude oil stockpiles unexpectedly rose last week, the API reported.
Actual: 2.811M Forecast: -0.833M Previous: -6.100M
If the increase in crude oil inventories is more than expected, it implies weaker demand and is bearish for crude prices.

Comment:

WTI Crude Oil 4/22 contracts drop -12%