Category: CRB Index
The analysis published under this category are as follows.Monday, February 20, 2023
Inflation & Commodities / Commodities / CRB Index
The news is full of articles now discussing how food (Staples) producer prices are going to continue rising, how warehouse and distribution channels are pushing “inflation” higher, how charges to use cargo containers and transportation are all pushing “inflation” higher.
The inflationary acts were committed in 2020 and 2021. The inflation was inflicted then and is now history. What is happening now is a plethora of knock-on effects from the inflation. It’s lagging, sticky and in some cases opportunistic and greedy stuff that is not inflation but instead, the predictable after-effects of it.
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Monday, July 02, 2018
CRB Commodity Index Chart Analysis Trend Forecast / Commodities / CRB Index
Pattern – price has been in a downtrend since the 2011 high and the current price action looks corrective in nature. An ABC correction looks to be playing out with price still to put in a wave C high.
Bollinger Bands – price is back at the middle band and I am looking for support to kick in here.
Friday, December 22, 2017
Short-term CRB Rally Driven Mainly by Oil / Commodities / CRB Index
The recent rebound strength in the Commodity Research Bureau Index (CRB) has been underpinned by only a select few natural resources.
The CRB having completed a basing pattern in Q2/Q3 has rallied largely on the back of a single commodity - Light crude oil.
Copper prices have also contributed to the rebound, but the heavy lifting has gone to WTIC.
As near-term futures contracts point to $61 for oil and $3.25 for copper, the rebound maybe short-lived.
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Sunday, September 17, 2017
Australian Dollar vs Japanese Yen Signalling Commodity Inflation / Commodities / CRB Index
The $AUD Australian Dollar continues to strengthen against the $JPY, Japanese Yen. All the commodity currencies are strong against the $USD also. Below is a weekly chart of $AUDJPY showing a break of the downtrend, a backtest and now price moving higher. We had a yearly cycle low last June, so the next yearly cycle low is not due until mid 2018, so there is plenty of TIME for the $AUDJPY to continue to strengthen.
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Monday, February 06, 2017
CRB Commodities Index Deep Dive / Commodities / CRB Index
If you are going to trade the commodity sector, you had best follow the USD, which is why I do. If I am correct that the USD’s longer 15 Year Super Cycle is toping in 2017, then the CRB will be a fun sector where we will focus.
With respect to Weinstein’s 4 Stage Model, here is a great site that is the best I have found that covers his model quite well.
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Thursday, July 21, 2016
US Dollar's Rise Spells the End of Commodities' Run / Commodities / CRB Index
A steady stream of strengthening fundamentals are driving the U.S. dollar higher. Healthier data from jobs, consumer spending and housing have put a tailwind on the greenback.
Moreover, America's economy is outperforming the weaker economies aboard. And this is setting a backdrop for improved prospects for another rate hike in the months ahead.
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Thursday, January 14, 2016
The Scariest Commodity Market Chart on the Planet / Commodities / CRB Index
Excerpt from Tonight's Wednesday Report
The implications of this 60 year quarterly chart for the CRB index is staggering if it completes this impulse move down which so far has been working out beautifully. Again on this massive time scale you can see an unbalanced H&S top that measures out to just below the major support zone at the bottom of the chart.
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Tuesday, August 11, 2015
Ignore the Commodity Message at Your Own Peril / Commodities / CRB Index
The Thompson Reuters/Jefferies CRB Index (CRB) is back down to the panic lows of early 2009. For those who think the CRB Index says nothing about global growth...invest accordingly at your own peril.
If you believe this commodity crunch is all about some temporary oil supply glut, think again. There are 19 commodities that make up the CRB Index: Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, Silver, Soybeans, Sugar, Unleaded Gas and Wheat. The value of the weighted average of these commodities is screaming one thing loudly: the rate of global growth is plummeting just as it was at the height of the Great Recession.
Thursday, May 14, 2015
Commodities on the Rebound / Commodities / CRB Index
The last commodity update, https://caldaro.wordpress.com/2013/05/19/commodity-bear-market/, detailed our bearish view on most of the sectors. Since then many of the commodity sectors have sold off during 2013/2014. This update will suggest some sectors may have just started Primary wave counter-trend rallies that could last for a few years. First a look at commodities in general.
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Thursday, February 26, 2015
Commodity Prices Set To Plunge Below 2008 Lows / Commodities / CRB Index
This analysis will cover the CRB Continuous Commodity Index, the US Dollar index and one of the main commodity currencies, the Australian dollar.We’ll begin with the CRB Continuous Commodity Index which comprises a mixture of components from sectors including energy, metals, soft commodities and agriculture.
Let’s take a top down approach to the analysis beginning with the yearly chart.
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Tuesday, February 10, 2015
Tradable Rally in Commodities / Commodities / CRB Index
Throughout 2014 my commentaries warned of no bottom in commodities until near year-end. Gold got an early start in November but, looking at the S&P GS commodity index, it appears the remainder of that group found a low in January. However, while this may be a tradable rally, cycles point to the bear market getting started again by later this year.
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Sunday, October 05, 2014
CRB Heading into its Three Year Cycle Low / Commodities / CRB Index
Now that oil has made a lower intermediate low warning bells are ringing that the commodity complex has more than likely begun the move down into its three-year cycle low. That bottom isn’t due until May or June of next year at the earliest.
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Friday, June 29, 2012
CRB Commodities Index Just Formed a Final Three Year Cycle Low / Commodities / CRB Index
I think it's clear by the action in the dollar index this morning and the response by risk assets in general, that the bottom I have been looking for is here.
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Tuesday, May 15, 2012
Climbing U.S. Dollar's Potential Impact on Commodities / Commodities / CRB Index
The most salient feature of our comparison chart between the U.S. Dollar Index (DXY) and the Reuters/Jefferies CRB Commodities Index (CRB) is the recent climb in the DXY off of its May 1 low at 78.60 towards another test of a 2-year resistance plateau at 81.40/80.
If this plateau is hurdled, the DXY has the potential to trigger a very powerful advance into the 86 area initially and then towards 89-90. Such a powerful advance in the U.S. dollar could crush the commodity complex (CRB), which already is showing signs of stress as it breaks beneath its prior two significant pivot lows in the vicinity of 292-293 and is pointing next to 275-272.
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Friday, July 08, 2011
Commodities Upleg and Correction Cycles / Commodities / CRB Index
Thanks to their powerful decade-old secular bull, commodities are growing increasingly popular among investors and speculators. Naturally the prudent ones are always looking for insights to optimize their timing in buying low and selling high. Knowledge of this bull’s upleg and correction cycles helps define probability bands for future trade timing.
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Monday, May 09, 2011
The Commodities Bubble Hasn't Burst, It's Just Taking a Breather / Commodities / CRB Index
Kerri Shannon writes: Panicked investors retreated from silver, oil and copper this week, leading many to believe the commodities bubble had finally popped - but experts say this bull market will pick up again.
The Standard & Poor's GSCI Index that follows 24 raw materials fell as much as 11.4% in five days, the longest losing streak since August.
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Thursday, May 05, 2011
Commodities Bull Market and the Cheapest Money in History / Commodities / CRB Index
So the cheapest money in history played no role in killing the century-long downtrend in commodity prices...?
A LITTLE over three years ago, we published this chart here at BullionVault – now updated so you can see just how much mischief cheap money is causing...
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Friday, March 25, 2011
World Non-Energy Commodity Price BubbleOmiX: Crash Warning / Commodities / CRB Index
There is a pretty little chart doing the rounds, put up originally by the Netherlands Bureau for Economic policy Analysis; that has been seized on by the Fed and her acolytes to prove that “easy-money” from that source did NOT cause a bubble in commodity prices, or perversely, by the Fed-Bashers to prove the opposite.
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Saturday, March 12, 2011
The Commodity Price Rollercoaster and the CRB Golden Ratio Failure / Commodities / CRB Index
Commodity prices have been on a rollercoaster ride as central banks have pumped trillions in liquidity into the global system, trying to prevent a deflationary long wave debt collapse from delivering the economic coup de gras, and driving the global economy into a natural Kondratieff (aka Kondratiev) long wave winter season bottom. Commodities are the ingredients of global economic production; they go into almost everything you buy. Investors in commodities, stocks, bonds and gold should all take note of the most powerful resistance line the CRB Index has encountered since the 2009 bottom.
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Friday, January 28, 2011
CRB Index Up Against Long Term Resistance / Commodities / CRB Index
After a major low in 2009 the CRB Index started its recovery, a second upleg getting underway in May last year. Fairly steady progress has now seen the Index starting to test the next key resistance area, and we currently await reaction here.
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