U.S. Dollar gaining strength as commodity index falls

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U.S. Dollar gaining strength as commodity index falls

posted on Aug 03, 2014 12:22PM

IS GREASE A COMMODITY? THE $CRB STARTS TO SLIDE
by Greg Schnell | The Canadian Technician

The Commodity Research Bureau Index ($CRB) has had a very volatile year. Just when the trend looked to be accelerating, it rolled over. Lately, the US Dollar ($USD) started to accelerate on July 1 as pointed to by the long green arrow. The $CRB rolled over since then as denoted by the red arrow. We also saw the Russell 2000 ($RUT) top on the same day.

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