The selling across many of the commodity markets has now turned into a stampede for the exits this week, as the Reuters CRB Index, as well as the commodity ETFs and ETNs are now clearly in a correction phase.
The good news for bulls is that in the event of a pullback, we would not expect a decline to be exacerbated by panic selling, since those that have recently accumulated stocks have purchased index or exchange-traded fund (ETF) puts, or VIX calls, as insurance against a correction .