Gold typically leads commodities by a few months and so given the surges and breakouts in gold, silver, and platinum, I think the CRB index is next.
Looking at the chart, its clear this is a chart that has been gradually shifting in trends. In my opinion, most of the heavy selling is over. CRB index has been forming a sexy looking base and looks like it could...
Building on The_Unwind 's post about commodities.
I agree commodities are on the way down to new lows (and multi-year bottom). It is a deflationary cycle, interest rates is the most obvious proof that we live in a deflationary environment. Having extremely low or negative interest rates simply means that fewer and fewer people/businesses take credit (the price...
The CRB Index of Major Commodities TRJEFFCRB ,
is breaking down once again, in a potential Head and Shoulder's Reversal Pattern
down to extremely important major support.
As seen here on the Monthly CRB Chart,
commodity prices as measured by the CRB Index are down a whopping 50 %,..,since 2011 !
With most market observer's looking to the plunge in interest...
Late Cycle indicators. Watch for yield curve steepening. As Druckmiller says, a recession can not be official without a corporate profit recession which leads to significant repricing of equity. It appears we are at the inflection point of another 2016 or repeat of 2000, 2007...Q2/Q3 is the do or die. If we get through without negative YOY earnings , it could be...
Today is December 18, 2018. The US Fed meets on Wednesday, December 19, 2018.
Not much to say; just watch and wait.
I am neutral this CRB Index.
With oil oversold and the CRB Index oversold, it won't be a surprise if after the US Fed meets this week, we get some type of risk on sentiment flowing back into the markets.
I watch this drop...
For me, one of the difficulties with any attempts at technical analysis is factoring in your mood when looking at a chart. Bad mood = bearish count, good mood = bullish count. I guess I woke up a bit grumpy this morning as this count for commodities is about as bearish as they come. If, and that really is a big if, this count has any merits does it also mean that...
A weekly chart informed from a monthly chart's support and resistance. As you can see from here, the CRB index fell from the monthly resistance above after forming a new high breaking resistance (also a yearly autp pivot point). It pulled back to the 38% level, which is also a weekly support level.
CRB Commodity Index on 8/15/18 broke down from a 2018 Head And Shoulder's Pattern,
a reversal of fortune, the implications of which seem to imply that inflationary pressures may have reached a peak
for the year, and with that, a slowdown in world economic growth, foreshadowed by the recent decline in world stock indices,
and US interest rates.