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)
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus
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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