‘Commodities’ Archive

Commodities hitting 25-year support line with few bulls!



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

joefridaycommoditysupporttestmay1CLICK ON CHART TO ENLARGE

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 …

Dollar & Euro ripe for reversals due to this



The above charts reflect that the US$ is up against dual resistance as almost 90% of investors are bullish the Dollar.

On the flip side, the Euro is very unpopular with investors, as just 14% are bullish, and the Euro could be facing dual support.

The Power of the …