not good momentum on pon.. but correcting soon

"This morning, we opened lower, but have now pushed slightly higher on most of the metals. More interestingly, we are seeing a disconnect between metals and energy, as the former is being weighed down by prospects of slowing growth and a rising dollar, while the later still seems to be caught up in a speculative bubble, immune to practically just about everything else around it for now.
With the dollar not doing much of anything today, and some of the metals being extremely oversold (nickel and lead are both sporting RSI readings in the low to mid 20’s) we would expect today’s gains to hold over the course of the day. In addition, stock declines in Shanghai, particularly in copper, could lend an additional measure of support. (See our table above for the latest numbers). Metals will have more direction next week when more US macro data is excepted, but on the whole, we may done a bit too much on the downside and are looking for a modest technical bounce to set in."