From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
As May just came to a close, many spent the weekend celebrating the kick-off to the Summer season at Memorial day barbeques. We did that too. BUT… being the nerds we are, we also spent much of the weekend pouring over some fresh monthly candles now that yet another one is in the books.
In the spirit of our sacred monthly candlestick process here at Allstar Charts, in this week’s column, we’re going to take a step back and discuss some of the primary trends at play in Commodities Markets.
We only get this incredibly valuable information ONCE a month. That’s right. Just TWELVE times a year. As such, we really cherish weeks like these.
So, let’s dive right in and talk about one of the charts that really stuck out this month: None other than the good old Thomson Reuters $CRB Index, arguably the broadest barometer for the asset class as a whole.