CLICK ON CHART TO ENLARGE The above three assets are “very sensitive” when it comes to the growth/inflation story. Each of them have been making a series of lower highs since May of 2011! Now they are breaking support lines of rising wedges and pennant patterns. CNBC wrote and article this week titled “Get ready [...]
‘CRX Index’ Archive
U.S. Dolllar breaks 10-year resistance channel, Euro breaks down….is this what is hurting Commodities?
CLICK ON CHART TO ENLARGE U.S. Dollar is doing something it hasn’t done in 10-years… breaking from its decade long falling channel at (1) above. At the same time the Euro is breaking support inside of its falling channel. Is the US$ strength the cause for these leading commodities to be breaking support in the [...]
CLICK ON CHART TO ENLARGE Is Copper sending an important message as it breaks below this support line at (1) of the large flag pattern? Is the MS Commodity Index (CRX) sending an important message as it continues to make a series of lower highs at the same time? I feel Coppers messages can be [...]