‘Commodities’ Archive

Commodities – 20-Year bear market in play?

joefridaycommodityrepeatingpatternjuly31

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This chart looks at the Thompson/Reuters Commodity Index on a monthly basis for the past 50 years

The index took off in the early 1970’s and rallied over 200% in a little over a decade at (1). Then it created a potential double top. What followed at (2)? An unwinding …

Commodities hitting 25-year support line with few bulls!

 

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Just the facts….Commodities have had a rough few years!

Below takes a look a the Thompson Reuters Commodities index from 1984 to current, with Commodity Sentiment from Sentiment Trader.com applied.

commodityindexonsupportfewbullsmay12CLICK ON CHART TO ENLARGE

The decline over the past 4-years has taken this commodity index down to a support line that has been …

Commodity collapse leads to rare opportunity says Joe Friday

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Commodities have had a rough go of it the past 4-years, declining almost 40%. The above charts look at the Thompson Reuters Commodity Index since the 1980’s.

The left chart is based upon “monthly closing prices,” reflecting that a neckline support test is at hand at (1).

The right chart …