Saturday, June 20, 2009

CRB Index is correcting lower

Commodities are headed lower after bouncing off the channel top.
Targe tis located at 229.69 which coincides with the 21-Week MA and also a previous Resistance level.

RSI is close to dropping below the 50 mark and ADX shortly after signalled a buy is very close to reversing to a sell signal again with trend strength gauge reading below 30.

No comments:

Post a Comment