Friday, June 3, 2011

Commodities Higher?

I'm looking at the CRB (Thomson Reuters/Jefferies CRB Global commodity Index)

 Starting with the 60 min chart, the various swing cycles are evident , currently there's a couple of positive divergences that may be part of a larger cycle to the upside.

 On the 30 min chart, again various swing cycles are evident, however recently there has been several positive divergences that may be part of an overall bigger cycle then previous cycles.

On the 15 min chart there's one that stretches about 3 weeks and a current leading positive divergence.

Just something to keep an eye on and consider where it may fit in broader analysis of oil, the dollar, etc.

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