Change in Nature

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The commodity bear market can be characterized by only briefly closing above the upper daily cycle band during the intermediate cycle peak and then consistently closing below the lower daily cycle band.

crb

gdx

gold

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But this is starting to change. And it can be attributable to the dollar. In contrast, the Dollar has been in a Bull Market that is characterized by consistantly closing above the upper daily cycle band.

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And this change in the dollar is beginning to manifest itself in commodities.

2 crb daily

2 gdx

2 gld

Now commodities have stopped closing below their lower daily cycle band and are now beginning to close above their daily cycle bands indicating a new daily uptrend is in its infancy.

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