Commodities

CRB Commodities Index is headed for another test of the descending trendline. Upward breakout would be a bullish sign, indicating that the down-trend is weakening — especially if accompanied by a 63-day Twiggs Momentum cross to above zero. Reversal below primary support at 293, on the other hand, would signal another decline with a target of 265*.

CRB Commodities Index

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

One Reply to “Commodities”

Comments are closed.