CRB

[Au-myn]

This P & F chart on the CRB is a 5x3 scale chart.

A buy signal was recently issued at 320 on a #2 Double Bottom formation. This particular pattern usually is associated with market bottoms.

Note that when the BS occurred it penetrated the bearish resistance line, hence turning the index from bearish to bullish. The ascending trend channel is extremely wide, allowing for a large up move.

[Eat Beef]

Wow, AuMyn and Curt show up in the same thread!

The CRB has been a dog for a long time, underperforming the SP much less the Duck. It's about time for it to grow some legs!

[Au-myn]

The CRB Index turned down recently issuing a sell signal at 290 on a Triple Bottom formation. The prior buy signal was a false signal and the ST bullish support was violated turning the index bearish. The current bearish support line was broken at 275 so I drew in the second bearish support line. The index has a wide declining trend channel and we could see it fall it to the mid to low 200's.