Today begins a series on the Commodity Research Bureau (CRB) Index. After the huge decline from July 2008 to February 2009, the index has recovered in (so far) three waves. The next logical target is just above the market at the TD Trend Factor (purple line) level of 325.74. A fibonacci level is also in this area. Tomorrow I will take a closer look at the move up from May 2010 using a weekly chart.
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