Dow Jones Commodity Index ($203)
Intermediate trend: Bearish
Said “the index will weaken further if trades below $223-$220 area. Happened. Since then lost another 8.94%. Now $238 will be a absolute top for the medium term.
Expect trading bounce towards $210-$213 region if got supported near $202-$197 in the next few trading sessions.
July 27, 2008
Corrective rally is due…
Dow Jones Commodity Index ($203)
Intermediate trend: Bearish
Said “the index will weaken further if trades below $223-$220 area. Happened. Since then lost another 8.94%. Now $238 will be a absolute top for the medium term.
Expect trading bounce towards $210-$213 region if got supported near $202-$197 in the next few trading sessions.
