Commodities Are Breaking Down
- Posted by TheArmoTrader
- on July 30th, 2013
I was browsing through some commodity charts, and I found a few that are breaking down as of late. Here they are. The $CRB (Commodity) index, while not at the lows, is still trending down since last September.
Just another side-note. Given the commodity weakness over the last year, it is not surprising to see PPI (Producer Price index) growth tepid over the past year.
(Note: The massive recent gap is due to a contract adjustment, but the most recent rollover seems to be real)
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Jerry "TheArmoTrader" Khachoyan is currently an active trader, investor, market commentator, and Finance-Twitter participant. He started being involved with financial markets in September of 2008. He concentrates on using technical analysis and an understanding of macro to determine his trades and investments. He graduated UCLA with a degree in Political Science in 2013. The stock market to him is one of the greatest inventions by man.
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