CRB Index Chart Analysis

https://en.wikipedia.org/wiki/Thomson_Reuters/CoreCommodity_CRB_Index 

  

https://www.bloomberg.com/quote/CRY:IND 

  

http://www.moneycontrol.com/news/business/markets-business/jim-rogers-says-commodity-bear-market-to-enda-year-1480003.html 

  

http://www.investopedia.com/news/how-commodities-hit-their-bull-run/ 

  

https://www.drwealth.com/hot-commodities-by-jim-rogers/ 

  

http://www.wyattresearch.com/article/has-the-bull-market-in-commodities-run-its-course/ 

 

CRB Index is a fund that tracks a basket of various commodities asset class, an array from precious metals, industrial metals, energies to soft commodities. 

 

Mr. Jim Rogers known as James Beeland Rogers Jr. (born October 19, 1942) is an American businessman, investor, traveler, financial commentator and author based in Singapore.  

 Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc.  

 He was the co-founder of the Quantum Fund and creator of the Rogers International Commodities Index (RICI). 

 

Once quote" Commodities Bull will last 18 to 20 years, and it all happened in year 2000 from the rise of China' 

 

Reference from Thomson Reuters/Core Commodity – CRB Index 

Comprising a basket of 19 commodities, with 39% allocated to energy contracts, 41% to agriculture, 7% to precious metals and 13% to industrial metals. The Index acts as a representative indicator of today's global commodity markets. 

A weak US dollar and couple with the global economy recovery is taking place and shape should propel the price of commodities higher in time to come. 

 Base on TA (Technical Analysis) 

 

1) It is observed that there is a huge falling wedge chart pattern illustrated with orange, purple and red color lines. 

 2) Light green color lines refer to symmetric triangle chart pattern 

  

3) Dark green color line refers to a rounding bottom (Cup) chart pattern. 

 4) All time high of CRB Index reach estimated 470 in year ending 2008, hit an all-time low of 155 in year early 2016. 

 

There are multiple levels of resistances to climb a wall of worry. 

1) 1st level resistance @ 200 

2) 2nd level resistance @ 235 

3) 3rd level resistance @ 260 

4) 4th level resistance @ 312 

5) 5th level resistance @ 391 

CRB Index - Monthly Chart 30.10.17

CRB Index - Monthly Chart 30.10.17 w TA

Disclaimer: All news, information and charts shared is purely by my research and personal views only. This is not a trading recommendation or advice but on the basis of sharing information and educating the investment community. Different traders and investors adopt different trading strategies and risk management approach hence if in doubt please approach or seek clarifications with your Financial Adviser, Broker and Banker.