They have broken out of a four-month long downtrend line. Swing trading here. Today was high volume for most of them with 5% to 7% gains. One of the leaders is ECA with the breakout.

If we are at the beginning of a great commodity bull, as people like Graddhy believe, then the commodities will be running at different times, like base metals, precious metals, and energy stocks. Hmmmm… Just dreaming.

This breakout pattern on ECA looks very similar to the one we had on the PMs and the base metals. We shall see how it all shakes out.