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Commodities: Time To Catch A Falling Knife?

Posted on 19 August 2014

The PowerShares DB Commodity Index has been a little soft over the past seven weeks, losing around 7% in price (-2% YTD) while the S&P 500 has been flat. The top chart is the TR Continuous Index, which finds itself testing dual support — one of which is a 14-year rising support line.
This index has been soft for the past four years while the stock market has continued to rally. In the big picture, what happens here could be very important for commodities’ overall direction in the months to come………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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