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Tuesday, 7 August 2018

Reuters-Jefferies Commodity CRB Index: 7 August 2018, Tuesday, 9.30pm Singapore Time

Reuters-Jefferies Commodity CRB Index: 
7 August 2018, Tuesday, 9.30pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the technicals for Reuters-Jefferies Commodity CRB IndexThe index comprises of 19 commodities, namely Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, Silver, Soybeans, Sugar, Unleaded Gas and Wheat.

The orange circled region is where my live analyses back in January 2016 called for the rock bottom on the crude oil market, metals market and commodities market -- before prices moved. During the same time, my analyses also called for the rock bottoming out of such sector of stocks (including shipping/shipbuilding stocks which have HIGH correlation to the commodity cycle).

The blue circled regions are where commodities' transition from harsh winter to newfound spring got confirmed during 1H-2018. 1H-2018 is essentially a confirmation of newfound bull market for worldwide commodity stocks (energy, crude oil, metals, raw materials, hard commodities and soft commodities), as well as shipping/shipbuilding stocks. This also confirmed that worldwide macro-cycle of the stock market is at the 50% point (mid-point) -- this is a standard expansionary-recessionary phase within the economic model, something that CFA graduates should know. If 2008-2018 is the first leg of super-scale bull market, then 2018-2028 will be the second leg where majority of gains for most stocks will be made.

The light green circled region represents back-test confirmation for the next super wave up. Commodities and Stock Markets worldwide are preparing to resume the next extremely big wave up.

The Donovan Norfolk Technical Rating of Commodities and the Commodity CRB Index: 
Ultra Big Wave Up (2H-2018, 2019 and 2020)

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