CRB Commodities Index...
The upward trend channel on the CRB Commodities Index reflects a strong rise in a broad range of commodities, from crude to copper, from cotton to cocoa. The Australian dollar is lagging after tracking the CRB index closely for the last two years; expect an upward breakout and fresh advance.
CRB Commodities Index...
Commodities
The CRB Commodities Index continues its strong up-trend, suggesting an upward breakout and fresh advance for the Australian dollar.
Commodities...
The CRB Commodities Index is also recovering; a bullish sign for the Australian Dollar.
Commodities...
The CRB Commodities Index has also weakened slightly. Reversal below 335 is unlikely but would be a bear warning for the Australian Dollar.
Commodities
The Shanghai Composite Index continues to consolidate above its 2012 low (of 1950). Failure would signal a decline to its 2008 low (at 1660). China is the primary driver of commodity prices and decline of the Shanghai Index would drag prices lower. Dow Jones-UBS Commodity Index reversal below long-term support at 126 would confirm, targeting the 2009 low at 100*. Not good news for Australian resources stocks, even if the impact is cushioned by a falling Aussie Dollar.