Great Graphic: Is the CRB Index Rolling Over?
Marc Chandler
March 28, 2016
This Great Graphic, created on Bloomberg, depicts the CRB Index, a basket of commodity prices. The technical picture has deteriorated, and the price action in the coming sessions is particularly important in determining outlook.
The CRB Index put in a double bottom. On January 20 and February 11 lows were set just below 155.00. The neckline …
The CRB Index put in a double bottom. On January 20 and February 11 lows were set just below 155.00. The neckline …
Great Graphic: Is the CRB Index Rolling Over?
Reviewed by Marc Chandler
on
March 28, 2016
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![Great Graphic: Is the CRB Index Rolling Over?](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjx2-Kkj9imzh-Uk7f8Rv-Rrvx1bZgro1Pk8tNtnyB24qzPmswbKI_7aUtZuhYC2o0Ju501V10QnAprjV8HnWKdjsuCnhsvJxSDJOpbzoI2KWE4RkvqjYglpzBOREhEwDewdwyKDbOqJYw/s72-c/crb.gif)