‘CRX (Commodity Index)’ Archive

Commodity bottom right now? World gets lucky if it does says Joe!

joefridaycommoditybottomherefeb13

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The large decline in Crude Oil and some other leading commodities of late has caused many to wonder if the world is entering into a period of “deflation.” ┬áThe above chart takes a look at the Thompson Reuters Commodity Index, over the past 50 years. The index hit a high …

“Head & Shoulders Top” suggests 30% decline still possible

 joefridaytombradydeflationhandstopjan23

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The TR Commodity Index has been in a fairly well defined rising channel over the past half century. After a solid rally that lasted around a decade (1972-1983), the index then peaked and fell for the next 20-years. 

The index then hit the bottom of the channel back in …

King Dollar….Game changer if a breakout happens here!

 dollareuroat11yearsupportresistancejan7

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Even though the U.S. Dollar and Euro seemed to have had decent moves the past 6 months, when you take a 30,000 foot view of both, they are at the same price point as they were 11-years ago. 

Both have done nothing more than trade sideways, inside of a …