Now Reading
Commodity – Related Charts
28

Commodity – Related Charts

Commodity – Related Charts

by MoleMay 18, 2011

I have just gone through lots of longer-term charts. This is not my (Volar’s) usual stuff. Just something I have been doing since late last night.

None of these are useful in the short-run, but keep them in the back of your mind going forward. Very straightforward TA here.

CRB Index

CCI Index

GSCI spot futures

Bovespa/Brazil

China

Russia

EEM

Canada EWC

What is my point??? All of these are tied in some form to commodities; moreover, have been highly correlated to the risk trades.

In TA, sometimes people over-think things. When all the high-beta crap starts to make lower highs, a traders should be patient cautions on a directional bias.

Dont get too excited, this could be consolidation before some big up move that screws the bears, but one must consider that much market optimism has stemmed from the global outlook and not the US jobs market.

Good luck trading,

-Volar

Sign up here to receive my FREE early morning briefing:

About The Author
Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.