Commodities Testing Key Support

The CRB Index looks ready to break a key support level which has held twice at around 293.  The index is heavily weighted with crude oil, which experienced an ugly reversal and was down over 6 percent last week.

(click here if chart is not observable)

This entry was posted in Commodities, Crude Oil, Technical Analysis and tagged , , . Bookmark the permalink.

One Response to Commodities Testing Key Support

  1. Pingback: Goldbugs! | | Independent Stock AnalysisIndependent Stock Analysis

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s