CRB Index ending Diagonal - is the commodity cycle done ?

CRB Index has been trending steadily since the time the logistics issues cropped up along the Covid wave across countries , gaining additional impetus from the crude oil rally - ukraine war. However off late its a bit surprising that so many of the commodity shortage or panic demand factors are so quickly priced in , as the ending diagonal in CRB almost makes it certain by way of wave theory that a significant top is placed. This also shows the tendency to stay out of commodities as the central banks who have suddenly woken up to inflation - rather late are now not leaving any scope to increase rates.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.