The Commodities Index Looks Set to Go Lower
This index is breaking down after showing bearish divergence and having a false bullish breakout on the Daily and Weekly.
Based off this and the weakness we're seeing in the commodities themselves i expect the prices of Precious metals to begin a new downtrend in the coming weeks and for the price of Thongs such as Wheat and Soy to have a major decline.
I would also expect many Mining Companies to go down such as FCX and SA and for the Value of the US Dollar to rise.
Based off this and the weakness we're seeing in the commodities themselves i expect the prices of Precious metals to begin a new downtrend in the coming weeks and for the price of Thongs such as Wheat and Soy to have a major decline.
I would also expect many Mining Companies to go down such as FCX and SA and for the Value of the US Dollar to rise.