CRB Commodity Index Topping?
Updated
CRB is coming into major resistance area and likely to reverse in the near future.
Implications beyond the obvious commodities are
Stronger dollar
Lower 10 Year Yield
A Solid breakout from the long term downward channel, would require a high base reversal Bull flag of sorts.
Build some kind of pressure followed by a breakout.
FYI I am not in the inflation camp.
Implications beyond the obvious commodities are
Stronger dollar
Lower 10 Year Yield
A Solid breakout from the long term downward channel, would require a high base reversal Bull flag of sorts.
Build some kind of pressure followed by a breakout.
FYI I am not in the inflation camp.
Note
We are seeing the resistance at this key area. How fast rates rise will be key in the days and weeks ahead.Note
Commodities still struggling at long-term resisitacnce. 10-year rates have started to break down.
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