‘CRX (Commodity Index)’ Archive

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

CLICK ON CHART TO ENLARGE 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

  CLICK ON CHART TO ENLARGE 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!

  CLICK ON CHART TO ENLARGE 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 […]