26th Jul - CRB Index Bouncing Off Long Term 61.8% Level
26 July 2012
WEEKLY CHART:
See how support was found close to the 61.8% retracement.
At present the recovery has tested the falling resistance line (around 305.00 this week). Perhaps more significant is the slightly higher channel top projection at 310.00 - a break through this latter would swing the momentum in the bulls’ favour.
DAILY CHART:
In the Commodity Specialist Guide we had been keeping an eye on key resistance coming from a prior low and rising old support line. The recent break through this sidelined earlier bears.
Next resistance here comes from a 76.4% rebound level just above 312.00, which lies close to the key resistance on the Weekly chart.
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26th Jul - US Dollar Index Heads Towards Long Term 76.4% Level 
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17th Jul - Grain Markets Are Pushing Higher