CRB Is Trying To Continue Lower Along With DXY
CRB commodity index has been recovering for the last year and at the same time we saw USDollar Index – DXY higher as well, so it’s a nice positive correlation between commodities and USDollar. However, it looks like a clear ABC corrective recovery in wave (B), from where we may now see a continuation lower for wave (C), which can drop the price of CRB and DXY back to 2023 lows.
Lower commodities and lower USDollar can lead to lower inflation.
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