CPO Futures Weekly ChartCPO: Breakout. Should go back down to test the breakout.
Crude Oil Futures Weekly ChartCrude Oil: Fake buy signal (refer to to my previous post). Looks like strong selling at 80.00. I still think that crude oil will hit 100 because the weekly RSI is in the 60s (bullish) but not yet hit 70s (overbought). I just don't know when.
The summary for the rest:
| Commodity | Monthly | Weekly | Daily |
| Gold | Up | Up | Up |
| Crude Oil | Up | Up | Neutral |
| Crude Palm Oil | Neutral | Up | Up |
| Rough Rice | Up | Up | Up (+) |
One thing that I observe is that grain price are going up again (i.e. soybeans, wheat, oat, rice). Is this due to a weak USD or falling grain supply?
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