Commodities, TSX - September 16, 2012

I have been of the view that the recent low in CRB is a multi-year low

CRB is coming against a serious test of a its downtrend line


Meanwhile, commodity-rich TSX index has been doing well

Its weekly momentum cycle (red graph overlaid on the price chart below) has turned positive and its price has broken through its downtrend line

11600-11650 seems like an important support area for TSX

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