In this article, we will look at CRB Commodity Index. This is an important market to track overall direction on commodities. What we see on the weekly chart below is a five wave of decline within wave C, which means that the current weakness could be ending. Ideally market will turn up in 2016, but it can happen from around 28,00 or from next Fibo support at 25.00. If we are on the right track then grains, as well as oil and even gold can turn up as next year while USD trend may slow down because of negative correlation.
CRB Index, Weekly
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