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How CRB index affects Commodity prices?

Posted By On 8/10/2008 01:09:00 PM Under

1. Worldwide CRB index tracks commodity prices and is highly affected by dollar strength and a case to prove my point is last week happenings which is listed below for your information.

2. Last week dollar index on FINEX has shown strength and thus has moved above 200-day moving average and has surpassed its medium term resistance from 74.5 to close at 76.

3. As a result of above rally commodity prices have tumbled and have fallen by close to 7 percent and is presently available at 18 percent lower than its peak recorded on 2 July 2008.

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