Technicals | Mar 04 2011
By Rudi Filapek-Vandyck
There's simply no escaping the fact, suggest technical market analysts at Barclays Capital, market forces are conspiring towards a weaker US dollar and this translates into extra stimulus for commodities prices.
No wonder, the analysts remain "broadly bullish" across the commodity complex. They observe the RJ CRB index has accelerated higher since breaking above range highs near 345, and the analysts expect the index to extend toward the 370 area. Note the analysts: "Given the 45-week impulsive phase through 2009, we will be monitoring price action at the beginning of April for signs of a top."
Technical limitations
If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.