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CRB Commodity Index Remains Bearish

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June 24 2015

One of the reasons why USD can gain more and why commodities and commodity currencies will stay under pressure is on *Thomson Reuters Commodity Index (CRB) where I see a completed three wave rise; a corrective move that is pointing for more weakness in weeks ahead.



*The Jefferies | TR/J CRB Global Commodity Equity Index measures the performance of equity securities of a global universe of listed companies engaged in the production and distribution of commodities and commodity-related products and services in the agriculture, base/industrial metals, energy and precious metals sectors.

Source: www.etfdb.com

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