![\"US](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-02-14-dubs.png?w=525&ssl=1\")
<\/p>\n63-day Twiggs Momentum is forming another peak below zero, warning of further downside on the Dow Jones-UBS Commodity Index. Reversal below -5% would strengthen the bear signal. Failure of support at 136 would warn of another test of the 2012 low at 126. Recovery above 144 is unlikely but would suggest a rally to 152.<\/p>\n
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* Target calculation: 150 + ( 150 – 125 ) = 175<\/p>\n
Rising commodities — other than gold and oil where other factors need to be considered — would suggest a recovering global economy and further gains for stocks in the year ahead. A fall in commodities, however, would warn of slack global demand and a more bearish outlook for stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"
63-day Twiggs Momentum is forming another peak below zero, warning of further downside on the Dow Jones-UBS Commodity Index. Reversal below -5% would strengthen the bear signal. Failure of support at 136 would warn of another test of the 2012 low at 126. Recovery above 144 is unlikely but would suggest a rally to 152. … <\/p>\n