Commodities

By: Ed Carlson | Tue, Apr 12, 2016
Print Email

Commodities (S&P GS commodity index) saw their first rally in three weeks last week with a gain of 3.98% to close at 329 (thanks to Friday's 4.05% gain). If BWI hadn't moved into a confirmed sell-mode last week, commodities look as if they are extending the Jan. rally. Bulls wait for a close over the March high at 337. Bears get short on any sign of a double top near that same level.

Longer term, a 3yr cycle low was due early this year and looks increasingly to be in our rear view mirror.

S&P GS commodity Index Chart
Larger Image

 


Get your copy of the April Lindsay Report at Seattle Technical Advisors

 


 

Ed Carlson

Author: Ed Carlson

Ed Carlson
Seattle Technical Advisors.com

Ed Carlson

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent trader, consultant, and Chartered Market Technician (CMT) based in Seattle. Carlson manages the website Seattle Technical Advisors.com, where he publishes daily and weekly commentary. He spent twenty years as a stockbroker and holds an M.B.A. from Wichita State University.

Copyright © 2012-2017 Ed Carlson

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com