Commodities have been in a bull run since 2020, within an uptrend that can resume after the pullback observed in 2022. Analyzing the CRB Commodity Index, I believe that the pullback from that recent 2022 high isn’t over yet. There’s potential for a C wave that could retrace to 38.2% of the 2020 bull run. This may suggests that inflation might cool down, but much...
We’ve become so accustomed to headlines of ‘peak inflation’ and falling input prices that some have been throwing the wonderful ‘deflation’ word around. And we think most would enjoy a bit of deflation, as that would result in lower interest rates. However, with commodity prices (particularly oil) being a key driver of inflation, a lot of the softness can be tied...
Commodities on their way down. Will the US 10-year yield come along?
Back then initial claims were also rising and the stock market was dropping. When the recession starts inflation will drop quickly.
need time to the bottom form support before bullish again
This is a historic low for silver when compared to other commodities. It seems clear that we are in a similar position in terms of ratio and 50,200 MA as October 2018. I would expect a 30% bounce in the ratio before retesting 200 MA. In the SILVER chart this corresponds to retesting trend around $24. Bouncing off 200 MA in silver is also possible, but we will...
CRB at all time lows - should be an allocation once dollar strength situation is resolved one way or the other.
This week, we will zoom out to take a monthly look at what "hard assets" are doing in the market. Post-GFC, the SP500 index ($SPY) has demonstrated incredible relative strength when plotted against the CRB commodity index. That long run from roughly 2008 has reversed course for now, and it is interesting to see the scope or range of room to run over this...
Hey traders, Commodities have seen some sharp recovery in the last few months, but we see five waves up now, so maybe it's time for some pullbacks, especially while the USD is breaking higher across the board, after FED's tapering policy.
H&S pattern, with target on the upper resistance. We could expect a 16% rise according to this chart.
I see uptrend
Lumber Futures: +192% 124 days, $LBS1!
As commodities become inflation for the average american, I will be long on commodities abroad, such as corn, wheat, soy, copper, gold, etc.
Expected increase in price of commodities for this year. Remember that in this index, each asset has different a weight and includes 19 commodities. According to Investopedia: 39% allocated to energy contracts 41% to agriculture 7% to precious metals 13% to industrial metals Related indices: SPGSCI: S&P Goldman & Sachs Commodity Index BCOM: Bloomberg...
Closed 2/3rd's of this trade posted below.