Commodities/DXY Intermarket AnalysisBoth charts look very similar, however in this instance commodities are acting as a leading market for both the dollar bottom (Jan 2021) and the dollar top (Sep 2022), with the commodity index bottoming in April 2020 and topping in March of 2022. Since the last significant declines in both markets,
SPGSCI(COMMODITY INDEX)Hi Guys look at that pretty surge up in all commodities like silver and gold .....SPGCI is commodity index.
based on my last analysis look at that how i sent you buying signal in commodities ....i have said you maybe 10Y yield and DXY is reaching resistance and we likely to see bounce in commodities
Goldman Sachs Commodity index, WEEKLY TIME FRAMEIn review of Goldman Sachs commodity index on a weekly time frame, price action from the year 2000- 2008 is regarded as an impulse that is recognized on the chart as an A, followed by corrective price action resulting in a triangle formation (ABCDE) from the year 2008 to 2020, end of which is marked
GS Commodity Index ChartLooking at the Goldman Sachs Commodity Index and how the prices went up dramatically from the Covid lockdown, i would say that there is still room for a final rally, before a major correction in 2024.
The chart is self-explanatory.
Looking forward to read your opinion about this.
Big Four Macro Update: CommoditiesThere are extensive fundamental comments, context, and observations in the prior commodities pieces linked below. The 2022 Midyear Conclusion was that commodities were making an important top and that I intended to be a better seller of weekly perspective strength over the last half of 2022.
For m
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.