NEWS
Darin Newsom DTN Senior Analyst
Wed Apr 17, 2013 07:39 AM CDT

Long-Term Downtrend Continues in Commodities

In the past I've shown weekly charts for the Continuous Commodity Index (CI.X), but as a tie-in to my Tuesday On the Market column (The Rise and Fall) I wanted to show the major (long-term) trend of the commodity sector. And as you can see on the monthly chart, this major trend remains down.

According to the CI.X, the commodity sector peaked back in March 2011 when the index established a bearish key reversal. This pattern consists of the market (or index) moving to a new high, taking out the previous month's low, and closing ...

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