Saturday, September 23, 2006

What's behind the Meltdown in the Commodity markets?

"A Trend in Motion will stay in motion, until some major outside force knocks it off its course." After climbing to a 25-year high of 365.45 on May 11th, the Reuters Jefferies Commodities (CRB) Index began to show signs of fatigue in June and July, and then stumbled into a free-fall in August and September. With the CRB index slicing below its four-year upward sloping trend-line in early September, chart watchers would probably agree that a peak in the bullish cycle has been reached.

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