CRB Commmodities Index Daily Chart

CRB commodities daily chart showing the negative divergence spank downs with the blue and red lines. Then, the big momo move lately, the food inflation hysteria continues, further ignited buy unrest in the Middle East, Mother Nature events and Chairman Bernanke's hot easy money. Doji/hanging man candle for the last print so the new week will confirm or deny this projected trend change.

The strength over the last few days is truly remarkable, a buy at all costs type approach by traders, chasing price, and further fueling upward movement via short covering spikes. A pull back is in order but with this type of momo, another matching high should be expected.  Potential M Top is in progress. Commodities are known for their frothing finishes a la July 2008. 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.