From the desk of Steve Strazza @sstrazza and Louis Sykes @haumicharts
In a post last month JC discussed the recent strength in Commodities and posed the following question…
If the CRB Index is above its 2016 lows and Crude Oil is above all those former lows from the past decade, how can we be bearish commodities?
Over the last few quarters, we’ve seen more and more intermarket relationships make a significant shift in favor of risk-assets.
Many are showing early signs of a structural reversal and others simply accelerating in the direction of their underlying trend.
Today we’ll follow-up on JC’s post with a comprehensive look at the Commodity complex and discuss whether the recent rally is simply a counter-trend move, or if a potential structural reversal is underway for this long-forgotten asset class.