CRB Commodities Weekly Chart Overbot Rising Wedge Negative Divergence Hanging Man Candle

CRB weekly chart shows the beautiful short set up we monitored and now, the fall from grace. Overbot conditions, rising wedge and negative divergence is a go signal for short sellers. The hanging man candle at the top was icing on the cake to give a trader more confidence that a spank down would occur at any time--and it did.

Commodities have been rolling over and now demonstrated the end of the party. Looks like Trichet once again raises rates at the exact wrong time, just like July 2008 when the commodities bubble popped. The perceived demand of commodities in response to a global recovery is now in question. 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.