I like to adopt your "immediate" scenario, Pic.....somethings got to relent.
The downward direction we've been traveling in the PM markets for the last while is comparable too taking a long turn from a on-ramp too a super highway. Your hands are on the wheel steering the car around the endless, weary turn and as you reach the straight highway finally, the car balances itself out with little effort by the driver.
I believe we are finishing our long turn in the road and approaching the super highway and acceleration can commence. And with the acceleration comes freedom to move, like upwards, and excitement of what might be encountered "UP" the road on this journey of a life time.
It feels like the market wants to open the four barrels and shift into a higher gear....Autobahn style!
KTF,
BD1