When are commodities cheap?
November 10, 2022 Leave a comment
Commodities are cheap when the CRB Index trades below its 200 week moving average and registers a weekly Oversold reading.
Presently, the heavy weighting of the energy complex is keeping commodity indices at elevated levels.
In fact, todays pricing is at levels exhibiting similar stretched moments prior to the CRB Index converging towards its 200 week moving average.
Keep in mind, that this is a study of the CRB Index, for selected commodities are in their own ‘cheap’ territory such as Copper and Iron Ore.
November 10, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 