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From : Commodities Daily Hotline: 19 December 2014
Chart of the day: Commodities index holds oversold fall...

 

In spite of the oversold RSI indicator the CRB Index maintains its decline, now into its sixth month.  An upward dynamic is needed to reaffirm support at the July 2009 low at 231.17.  Note that floor is close to where the late-2008/early-2009 base area starts.  That region stretches down to 200.16.

 

Season's Greetings!  Normal service will resume in the New Year.

 






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