Wednesday, January 20, 2010

CRB index & crude oil measured in euros

This is the CRB index measured in euros. Look at the uptrending channel and relate this with the previous post. Conclusions?. If we are bullish in the US dollar, (and then the euro is downtrending), CRB should go down in the near future (more than the euro). The same could be concluded on the crude oil (second chart).... Time will tell....

$CRB:$XEU (stockcharts.com)



$WTIC:$XEU (stockcharts.com):





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