‘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 […]

Copper about to send a new message?

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 […]

Tip’s not much help with the “inflation battle” of late!

CLICK ON CHART TO ENLARGE U.S. Treasury Inflation Protected Securities (TIPS) are designed to help “Protect” bond holders against inflation.  Joe Friday….Of late the CRX Commodity index has rallied and TIPS and many other Government bonds have declined in value. CLICK ON CHART TO ENLARGE A break of line (1) by the CRX could well […]