The recovery from the DB at 155 in early 2016 has been sluggish. CRB topped at 196 in June, and has yet to best that mark. In fact, sometime in the next few weeks CRB could challenge the apex of the 4 point consolidation triangle built out in the second half of 2016. A failure at the apex could send a bearish signal for commodities. Something to watch for…

CRB weekly bar cart, for perspective…