CRB : Be careful of the commodities

Apr 23, ’09 4:27 PM
Author Categories Commodities Tags

CRB is showing weakness on the charts.

2009apr-crb-commodity-research-bureau-800x600 At this moment, it has fell back into the kumo after a huge drop.

Not a good sign.

The Tenkan sen is also turning downwards. With both the price level inside a kumo and a downward Tenkan sen, we may see it pierce below 215.

Watch out for the BEARISH crossover and the support level of 215.

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