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THOMSON REUTERS/CORECOMMODITY CRB INDEXTHOMSON REUTERS/CORECOMMODITY CRB INDEXTHOMSON REUTERS/CORECOMMODITY CRB INDEX

THOMSON REUTERS/CORECOMMODITY CRB INDEX

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TRJEFFCRB trade ideas

Commodities trajectoryPeople are putting in Bids to rent apartments in major cities, fewer and fewer people are buying homes, CPI is going up. The result is the value of the dollar (and for contemporary living) is going up. This results in high commodity prices to match the inflation, and the rise has been unreal. It will likely continue this year - I believe a double top will take place. Countries need to address the CPI. People will buy less supplies and spend less in general -- this will briefly increase commodity prices as the supply still limited. but soon, prices will fall as there will be insufficient demand (in light of people spending less, their valuable dollars). As such, commodities will likely finish a double top and then stabilize as the economy recovers starting 2023
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by vayntraubinator
The Commodities Index Looks Set to Go LowerThis index is breaking down after showing bearish divergence and having a false bullish breakout on the Daily and Weekly. Based off this and the weakness we're seeing in the commodities themselves i expect the prices of Precious metals to begin a new downtrend in the coming weeks and for the price of Thongs such as Wheat and Soy to have a major decline. I would also expect many Mining Companies to go down such as FCX and SA and for the Value of the US Dollar to rise.
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by RizeSenpai
CRB / S&PCRB (commodity index) / S&P 500:. The Thomson Reuters CRB index is a basket of 19 different commodities heavily weighted towards Energy and Ag (39% Energy, 41% Agriculture, 7% precious metals, 13% industrial metals) In bullish cycles with strength in stocks and commodities, it is typical for commodities to have a correction in the middle of a Stock Market bull run. It is healthy for the stock market, and consumer driven economies, to see commodities pull back to keep cash in consumers’ pockets. Cheap food and cheap fuel leaves more cash in consumers’ pockets…A correction or bear move in Equities pull commodities down with it and then a new cycle begins. Many fundamental reasons to be bullish commodities, but one must be careful. 1. A stock market drop will take commodities with it, maybe for just a short period. 2. The govt has injected major cash into this economy. They may take drastic measures to secure their investment. I have no idea what it could be but I wouldn’t rule out policies, programs, reports, and etc that target the rising price of food and fuel…..
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by mtb1980
$spy $tlt $gld $iwm What happens to commodities here is key for the market. It controls the direction of $tnx which controls next move in $iwm and $gld There is an outside shot we get a temporary spike to 232 on the crb index, but I think that is it. High portability that we get a substantial correction sometime soon. Tnx looks like an inverted H&S bottom but that would require a super cycle move in commodities beyond 232 to confirm. Lots of uncertainty for several important sectors here. Implications are huge on how this resolves.
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by shawnsyx68