CRB Rind Index Weekly Chart 13-Week MA Cross Signals Bearish Markets Ahead

This chart was highlighted during the week when the CRB Rind intially stabbed down through the 13-week MA and as the week ended, the Rind had collapsed further locking in the signal change from bullish markets to bearish markets.  The CRB Rind reflects the lesser known commodities such as leather, print cloth, cocoa, rubber, tallow, all kinds of raw materials critical to manufacturers that produce a wide assortment of products. Obviously, if the CRB Rind is dropping, it indicates a drop off in manufacturing activity and a slowing economy. Also, the Rind is difficult to manipulate so it provides a more accurate signal on the general economy than other commodities. The Rind dropped under the 13-week MA one month ago but it recovered back above.  This past week the failure stuck.

4/3/13:  Market Sell Signal; 538.62
11/26/12:  Market Buy Signal; 514.92.
10/15/12:  Market Sell Signal; 516.37.
8/6/12:  Market Buy Signal; 508.48.
3/26/12:  Market Sell Signal; 540.37.
1/9/12:  Market Buy Signal; 527.46.

So the bears are in charge now. The signal is regularly updated on the Other Market Signals page. The chart was pulled from the CRB Trader web site and annotated by Keystone. For further study on commodities, reference CRB Trader. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.