Commodities have been basing somewhat sideways for a number of years now. But long, boring ranges breakout into long, strong trends. Also, it's RSI and MACD have been strengthening for years now. So the upside breakout could be fairly impressive when it happens.

Comments (6)
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WGoodwin
WGoodwin

Interesting mix in the CRB Index: The index comprises 19 commodities: Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, Silver, Soybeans, Sugar, Unleaded Gas and Wheat.

rcwarship
rcwarship

Looks like it's at it's 30 year resistance level as well. Sorry, I can't post images from this network unfortunately, but it does look pretty informative. Best Regards, Jon