Oversold Commodity Indices signal a trough in the ASX 200

March 23, 2023 Leave a comment

This study shows a correlation that when the S&P Goldman Sachs Commodity Index (SPGSCI) which is plotted in blue, hits a weekly oversold reading and simultaneously mean reverts to its 200 week moving average, the ASX 200 (the orange line) sees a notable low.

Notwithstanding, a buy signal for the SPGSCI also appears at this time.

March 23, 2023

by Rob Zdravevski

rob@karriasset.com.au

Filed under Finance & Investment

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