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“Death Cross” Confirmation in Commodities

June 17, 2010 at 10:35 by Andriy Moraru

Michael Hewson of CMC Markets speaks about the confirmation of the so called “death cross” in the broad commodity index chart. It’s a cross of the 50-day moving average below 100-day moving average. The pattern was followed by the bearish trend 3 times out of 4 during the last 10 years. The “death cross” pattern is also confirmed by the head-and-shoulders pattern on the weekly chart of the commodity index.



Video of Michael Hewson for Cantos.

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