From our free weekly video log here is a technical review of the widely followed and often misunderstood CRB Index ($CRB) – a weighted index of commodities that is heavily skewed toward oil and energy related instruments.
Currently, the index can be regarded as being technically bullish according to our proprietary trend analytics, however there are a range warning flags that suggest at least a short term top is the most likely outcome is likely here, and possibly something significantly worse is on the horizon!.
Please enjoy the video.
Editor, Elliott Wave Analytics
Images: via Flickr (licence attribution