CRB index: almost too perfect

The CRB index tentatively turned down where it should have

I am short commodities (DBC) as my only current short position. Hence, I have an interest in this oh so logical pullback from the 200 day moving average. It’s why I was irked when OPEC manip’d the oil market recently. Oil being a CRB driver and all.

I am currently sporting a manageable paper loss but I have a level of conviction on this short and even added more during the bounce. It almost looks too logical for CRB to turn down as it did beginning on Monday. But 2022 has featured a lot of logical bear moves playing out as they ‘should’ have from logical technical points.

Wonder if CPI will have a say in this, either positively or negatively.

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or see all options and more info. Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter@NFTRHgt.

Testimonials

2 thoughts on “CRB index: almost too perfect

    1. Well silly me, I guess. :-)

      I am not at all ruling out resumption of the inflation trades. But I think it’s going to get painful in the interim. Could well be a big time buying opportunity, particularly in energy (and related, like Uranium, battery metals, etc.).

Comments are closed.