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Interesting divergence today: metals/steel names (NEM -1.7%, FCX -3.8%, NUE -3.3%, STLD -5%) getting hammered while energy (XOM +1.4%, CVX +3%) runs. Indices are green. When one commodity complex sells off hard and another rips on the same day, it usually tells you something about demand expectations vs. supply tightness. Steel oversold readings are extreme — NUE RSI 23, STLD RSI 30, stochastics near zero. Started a small NUE position. Not chasing — watching for stabilization before adding.

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