This index is breaking down after showing bearish divergence and having a false bullish breakout on the Daily and Weekly. Based off this and the weakness we're seeing in the commodities themselves i expect the prices of Precious metals to begin a new downtrend in the coming weeks and for the price of Thongs such as Wheat and Soy to have a major decline. I would...
CRB (commodity index) / S&P 500:. The Thomson Reuters CRB index is a basket of 19 different commodities heavily weighted towards Energy and Ag (39% Energy, 41% Agriculture, 7% precious metals, 13% industrial metals) In bullish cycles with strength in stocks and commodities, it is typical for commodities to have a correction in the middle of a Stock Market bull...
the market. It controls the direction of $tnx which controls next move in $iwm and $gld There is an outside shot we get a temporary spike to 232 on the crb index, but I think that is it. High portability that we get a substantial correction sometime soon. Tnx looks like an inverted H&S bottom but that would require a super cycle move in commodities beyond 232...
It is just the very beginning of a long term inflation History may replay how things occurred from 2000 to 2008 after a sort of crisis(s)
Downtrend Break & Horizontal Breakout
MMT "Inflation is the limit" Apparently not. Be careful of what options people give you to judge. learn how to fact-check on your own.
Commodities are at an important monthly liquidity zone. Price action from this point will determine if a new descendent trend will start or the price will continue the up trend. At the fundamental level there are labour shortages and severe suply chain disruptions. The rate of growth is the sharpest since May 2007 but firms have dificulties procesing new orders...
Odds are high that we have seen or are very close to a peak in inflation.
Inflation has been driven by excessive deficits ending up as savings in the hands of the few net savers who ran out and speculated in all asset classes. Util Covid came along commodities were out of favor. When the $6 trillion in deficits (or 40% of Real GDP) in a little over a year ended up as profit savings in the hands of the few. Dollars started spilling over...
Spend time learning good basic economics that applies in the real world. Not what is written in textbooks or theories.
I would be careful piling into commodities right here. May have a little more upside, but downside risk is developing. Energy carrying it right now. Not to mention the bearish RSI divergence forming as well
Rarely if ever have I seen a "cute story" say the truth of what is really going on in the markets. From Buy Gold Buy Silver Crash JPM Gold is real money Hyperinflation blah blah to EU Dismantling Banksters PEAK OIL China Hard Landing China Soft landing Stagflation in 2018 Covid is a liberal Hoax and goes away To inflation is a supply chain problem, not endless...
Expect choppiness in commodities for a while. Major LT overhead resistance and DT line capping run for now
oh boy! The correction is underway. wonder if 180 mark will be breached, main point is 157 mark needs to hold for the bull to resume!
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This commodity index has broken multiple downtrends and is now taking out the horizontal resistance that goes back over 20 years! Explosive moves ahead. The MACD contains bullish divergence while the RSI hasn't been this high since 2011!
After the crash in March 2020 we see a huge increase in the commodity market which is even outpacing the XLK ETF (tracks the technology sector) since September 2020. But is this just a transitory phenomenon or are we just at the beginning of a huge bull run in the commodity sector? When we look at the chart of the CRB-index we can see that we have a clear...