Commodity down-trend

The strengthening dollar should see commodities weaken. Reversal below 315 would indicate respect of the descending trendline — and another test of primary support at 295. Breakout is unlikely, despite the rise of crude oil, but would indicate that the down-trend is weakening.

CRB Commodities Index

* Target calculation: 295 – ( 325 – 295 ) = 265

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