In this article we will look at CRB Commodity Index. This is important market to track for overall direction on commodities. What we see on the weekly chart below is a five wave of decline within wave C which means that current weakness can be coming to an end. Ideally market will turn up in 2016, but it can happen from around 28,00 or from next Fibo support at 25.00. if we are on the right track then grains, as well as oil and even gold can turn up as next year while USD trend may slow down because of negative correlation.
Hi, nice chart as always! I know you guys are the best. With all my respect, I suggest that CRBQ should use longer data where started from 1960. USdollar could have some retrace in summer 2016 and with a big stock market crrection but if EURO starts to crash from 1.2000 to 0.8200 then we’ll see an abysmal falling of CRBQ. I predict gold could drop to around 700 finally. And inflation will be controlled by FRB after the falling. we’ll enter the next rates rising cycle in 2021-2022. So at last we may have a golden age of very low commodity price colud last 10 years. Maybe just like 1990’s.