Commodity Index: A Suspicious Head-and-Shoulders

March 29, 2012

The Commodity Index (CRY0) looks bearish with an obvious Head-and-Shoulders developed and with support broken during the first months of 2012.

H&S target measurement rules and the well-known bearish negative crossing in the lower pane are indications for a continuation of the existent short-term downtrend.

haDelta is caught as a sandwich inside a symmetrical triangle with clear support and resistance.

The bias is negative.

Commodity Index: A Suspicious Head-and-Shoulders 3/28/2012 CRY0

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