Continuous Commodity Index The CRB/CCI broad commodity index closed the week slightly lower following an easing of political tensions between the US & Iran which sent energy prices crashing. The rest of the commodity spectrum finished higher or little changed and the US/China Phase 1 Trade Deal will be in focus on the week ahead.…
Commodity Index CRB/CCI values rallied on the week amid the US’s bump in energy values related to the US strike against an Iranian General. The CRB index has been in a bull market since late Summer reaching its best levels since May of 2017. The geopolitical uncertainty surrounding the US and Iran rocked commodity valuations…
Commodity Index CRB/CCI values continued to rise in the holiday shortened trading week as funds continued with their buying ways. US equity prices reached record highs and historically low US interest rates and an abundance of US dollars is making current commodity values look cheap. Some flow out of equities and into cheaper commodities is…
Commodity Index CRB/CCI values climbed 3.68 to finish at $415.97, the best settle since October of 2017. Energy and ag markets rallied with the only ag commodity market to close lower being cattle/feeder cattle futures. US ag futures gained on the week amid the hope of a US/China trade deal. Soybeans and KC wheat posted…
Commodity Index CRB/CCI values broke out to the upside and confirmed that a longer-term bottom has formed. The next upside technical target rests at $420.00, but a retest of the February 2017 top cannot be ruled out above $440.00. The US/China Phase 1 Trade Deal is the bullish catalyst behind the CRB rally. China looks…
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