Commodity Update

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The CRB peaked on day 20 and then formed a swing high. It broke the accelerated (dashed) trend line today signaling a daily cycle decline.

A peak on day 20 (or later) assures us of a right translated nature to this daily cycle. Wednesday was day 24 for this daily cycle. The CRB is in its timing band to print daily cycle low. At this point a swing low should mark the daily cycle low. Since we are assured of a right translated cycle, our expectation is to see the next daily cycle go on to print a higher daily cycle high.

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3 thoughts on “Commodity Update

  1. Thanks again for your help sir.
    Would you explain this for me below? You said: “At this point a swing low should mark the daily cycle low. Since we are assured of a right translated cycle, our expectation is to see the next daily cycle go on to print a higher daily cycle high”. Question: Do we have the low? Or from here we go up? Hope in the future that I understand this better. Thanks a lot!!!

    • Geurt,

      Not all swing lows are significant. Swing lows are significant when the mark the daily cycle low.

      The CRB has not formed a swing low yet. But since the CRB is in its timing band to print a daily cycle low, a swing low at this point has a very good chance of marking the daily cycle low.

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