Commodities – Looking For Clues
The CRB index is giving us some decent signals now. Many of the indicators are diverging from recent price action. I’ve picked the MACD to highlight here. If the signals are correct, we’re going to see inflation rather than deflation when it comes to commodities (not too surprising when you consider just how ‘cheap’ everything is at the moment. Hope you like the chart.
I like the chart Northstar
The real tough resistance at just over 200 is the problem
That’s the crucial point that needs to be overcome.