john_for_u80
08-09-2008, 03:15 PM
Continuous Commodity Index (CCI), a basket of 19 raw-commodity-futures prices. In July, the CCI saw its biggest one-month drop in 30 years.
http://stockcharts.com/h-sc/ui?s=$CCI&p=W&b=5&g=0&id=p44453053153
Also $USD chart shows a big run. Whole market is moved by $. We hardly pay attention to the $ chart, that is where our biggest mistake is.
Commodities(Oil, Ags), gold are crushed because $ has come out of its BB squeeze and is moving higher.
Daily $USD chart:
http://stockcharts.com/h-sc/ui?s=$USD&p=D&b=5&g=0&id=p29735565936
Weekly Chart:
http://stockcharts.com/h-sc/ui?s=$USD&p=W&b=5&g=0&id=p44962954530
I have attached couple of charts below.
http://stockcharts.com/h-sc/ui?s=$CCI&p=W&b=5&g=0&id=p44453053153
Also $USD chart shows a big run. Whole market is moved by $. We hardly pay attention to the $ chart, that is where our biggest mistake is.
Commodities(Oil, Ags), gold are crushed because $ has come out of its BB squeeze and is moving higher.
Daily $USD chart:
http://stockcharts.com/h-sc/ui?s=$USD&p=D&b=5&g=0&id=p29735565936
Weekly Chart:
http://stockcharts.com/h-sc/ui?s=$USD&p=W&b=5&g=0&id=p44962954530
I have attached couple of charts below.