Market Overview

CRX Looks To Have Bottomed

By Jeff Pierce

On the daily chart there seems to be strong support for the CRX (Commodity Related Equity Index) near $860. The rise of the RSI could have been stronger during the February rise, which would give me more confidence that this is going to bounce, but I do like the look of it regardless. Given that I'm generally bullish on the general markets at this point it's a good bet this is going higher as well.

Next target is near $950.

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Posted-In: Commodities Markets Trading Ideas

 

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