‘CRX (Commodity Index)’ Archive

Commodities…Time To Catch A Falling Knife?

  CLICK ON CHART TO ENLARGE Commodities ETF DBC has been a little soft over the past seven weeks, losing around 7% in price (-2% YTD), while the S&P 500 has been flat (lower chart). The top chart is the TR Continuous Index, which finds itself testing dual support, one of them being a 14-year […]

Joe Friday…Commodities breaking support, US $ breaks out! Deflation???

CLICK ON CHART TO ENLARGE Many key commodities are breaking support, ranging from the CRB Index, Crude Oil, Commodities ETF (DBC) and Gasoline futures. This has my attention, due to this…the majority of the time Crude Oil & Gasoline have been soft, it may have been good for prices at the pump, yet it wasn’t […]

Joe Friday…Commodity breakout has Ben and Bonds concerned!

CLICK ON CHART TO ENLARGE The yield on the 10-year bond has almost doubled since last summer. This interest rate rally has taken place after the CRX Commodity index bounced off  support on the pennant pattern above. The rally in rates has put recent downside pressure on the home builders, as they are down 20% […]