Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities


“Death Cross” of Moving Averages over Commodity Recovery

May 26, 2010 at 10:13 by Andriy Moraru

James Hughes of CMC Markets speaks about the moving average cross forming in the commodity index chart. It has a potential of a signal for the further decline of the commodities. The index itself has already crossed the 200-day moving average from above, forming a strong bearish wave. But a bearish cross of 200-, 100- and 50-day moving averages would confirm the pessimistic analysis.

Video of James Hughes for Cantos.

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