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 Khachoyan is currently an undergraduate student at UCLA pursuing a degree in Political Science. He started trading in September of 2008. He concentrates on using technical analysis and reading the tape to enter the best risk/reward trades. The stock market to him is one of the greatest inventions by man.
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