Commodiities: Uptrend Starting...

In the middle of April, I posted that crude oil has made a bottom and poised to recover. I used Wyckoff Schematic to analyze the bottom for crude oil (or, more specifically WTIC). If we can do the same for CRB, we can see that the CRB has also formed a bottom and is poised to recover. CRB is made up of 19 commodities that are traded on NYMEX, CBOT, LME, CME & COMEX. For more, go here.

Based on this bullish breakout, it maybe a good time to look at commodities complex again.


Chart: WTIC CRB's weekly chart as at Apr 16, 2015 (Powered by Stockcharts.com)