CRB Commodities Daily Chart Overbot Rising Wedge Negative Divergence Fibonacci

CRB chart shows the negative divergence, overbot conditions and falling wedge which all spell trouble and provide a shorting opportunity, then bingo, the smack down occurs. Support at 338-339, then the first Fibonacci retarcement of 38% at 325-ish. This change is structural and long lasting; sideways to sideways down for the forseable future.

Note the ADX showed a strong trend and higher prices coming in the Fall but over the last few months, ADX shows no strong trend at all; the enthusiasm was leaving commodties despite the higher price recently and this leads to collapse. 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 financial advisor before making any investment decision.