CRB is showing weakness on the charts.
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 [...]
GR, the site admin of Huatopedia (and he’s also my sinseh…the one who introduce me to Ichimoku), provides a great insight to CRB on the Weekly Chart to my post on CRB
And I thought, it should be shared here.
802, look at the weekly charts for the CRB index, or for some of the commodity indexes / ETFs [...]
The CRB is one of the key index to monitor the commodities trend.
With the recent USD weakening, we have seen that the CRB has form somewhat of a ‘cup-shape’ which suggest that there a bullish trend is in formation.
However, Ichimoku is telling us another story :
The price level is currently inside the kumo which represents [...]