CRB commodities daiy chart, the textbook rising wedge to finish 2010 along with the negative divergence and overbot conditions, sent the CRB down the first few days of 2011. Then, to start February, CRB received another negative divergence spank down as shown by the red lines. ADX shows a strong trend was in place October thru December, but that strong trend disappeared in concert with the negative divergence of the blue lines.
This chart is rolling over right now, watch the breaks of the 20 MA and more importantly the 50 MA. The 50 MA held in the Nvember sell off but this time around the 50 MA will probably fail. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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