Having made an important low in June, the CRB index of commodities has been recovering, and last month gave an important longer-term buy-signal, says Mark Sturdy at www.sevendaysahead.com
It has since pulled back a bit, and we are waiting to see if it can resume its uptrend. Important targets lie at 331 and just below 340. By contrast, a drop through 292.39 would turn things more bearish.
