fredpui

CRB index on Support - go LONG ?

Long
fredpui Mis à jour   
TVC:TRJEFFCRB   Thomson Reuters/CoreCommodity CRB Index
Following my last post on Crude, i am showing the weekly chart of the Thompson Commodity CRB index. Right now its sitting at around 206.95.

The old saying "Old Top becomes New Bottom" could be a valid case here.

Crude oil is the largest constituent in the CRB index and it affect the price greatly. Follows by Hard then Soft metals (except gold).

So my opinion is Copper will also rise together with oil.


Let's keep an eye on this.
Commentaire:
this analysis has worked out very well so far .

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.