Commodities Can Go A Lot Higher, But Not All

The Reuters/Jefferies CRB Index is a widely followed commodities index. Since its inception in 1957, the Index has been revised ten times. The last revision was in 2005 when a 4-tier grouping system replaced the system of equal weightings of its current 19 components. The new system gives Group 1 – Crude Oil, Heating Oil,…

Morning Notes – Tuesday, October 12, 2021

Directional Bias For The Day: S&P Futures are little changed at 7:45 AM; Prices have been moving higher since 2:45 AM after making Bullish Divergence on intraday charts The daily chart bias to the downside but up momentum is building on intraday charts The odds are for a volatile day with a good chance of…