But now commodities aren’t so hot. That global slowdown is taking a knife to the neck of our old friend “demand”. And the ICE Exchange is slowly melting.

As you can see, the ICE has steadily dropped from a peak of $160 down to just under $60 a share.

Today, its Relative Strength Indicator (RSI – up at top) is showing the trend as weakening. And if you look at the Slow Stochastic (below the chart) it shows ICE as recently coming off an overbought level and heading down towards oversold.

That makes this a relatively low-risk short entry point.

ICE could drop down to its current support at $50 (which was the previous low) and should find a base there. That’s a nearly 15% gain.

And if ICE drops under that, you could see it for $40 a share.