Weekend Commodity Wrap-Up

Weekend Commodity Wrap Up

Feb 18, 11:03 am | Weekend Commodity Wrap-Up

Commodity Index  The CRB/CCI index closed lower, unable to break out the topside flag pattern on the charts. The grains, meats and metals all pulled back, while crude oil prices traded sideways. The US dollar is holding in a range and the markets appear to be waiting on an infrastructure build out program and promised corporate tax legislation from the Trump Administration.  Any further delay in these program offers could produce selling across a host of financial markets as tired investors take profits.  US interest rates are also consolidating awaiting new policy decisions. Note that the CRB has been trading in a narrow range for much of the past 6 weeks. A rise above the top or fall below the bottom…

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