CRB, The Breakout

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A base breakout with the CRB a show of optimism for economic cycle – as long as it sticks.

This index of commodities says buyers are paying more, which either means there’s increased demand or a smaller supply. Higher prices often comes with increased business activity at this stage of the economic cycle –  especially with leading index copper as well as aluminum. Copper, CU, happens to be forming a right side of a lower base.

Here’s the whole package:

Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, Silver, Soybeans, Sugar, Unleaded Gas and Wheat.

 

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