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Tuesday, February 22, 2011
CRB Commodities Index Weekly Chart Overbot Rising Wedge Negative Divergence
CRB commodites weekly chart shows rising wedge, overbot conditions and negative divergence. This reinforces the daily chart, so down she will go. ADX showing a strong trend in place but looking back to the sell off area in front of the March 2009 bottom, the strong trend can stay in place a few months after the turn occurs. Commodities are topping and rolling over now, contrary to what others say. 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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