Commodities vs SP500Comparing commodities index vs SP500, it's at its lowest level since 1980.
It's time for a strong rebound ?
S&P Goldman Sachs Commodity Index
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Commodities/DXY Intermarket AnalysisBoth charts look very similar, however in this instance commodities are acting as a leading market for both the dollar bottom (Jan 2021) and the dollar top (Sep 2022), with the commodity index bottoming in April 2020 and topping in March of 2022. Since the last significant declines in both markets,
Commodities are a safe inflation bet.Embrace risk! Brace for the storm! Etc.
Weakening, last stage before arecession is commodities driven up to unfeasible prices slowing global economy. Nothing new. Just know it'll come down as fast as it went up.
Long
Elliot Waves commoditiesgeopolitical supply disruptions.
a fading monetary policy
reduced industrial destocking will support demand and spot prices in 2024.
Long
(Commodity Index) Crash is coming Hi there,
Commodities crash is coming. it is going to be similar like 2008. Get ready to short commodities accross the board.
Good Luck
Short
SPGSCI(COMMODITY INDEX)Hi Guys look at that pretty surge up in all commodities like silver and gold .....SPGCI is commodity index.
based on my last analysis look at that how i sent you buying signal in commodities ....i have said you maybe 10Y yield and DXY is reaching resistance and we likely to see bounce in commodities
US Inflation Hi guys look at this spike in commodity index and oil rising price i think inflation is comming back......be logical
good luck
Goldman Sachs Commodity index, WEEKLY TIME FRAMEIn review of Goldman Sachs commodity index on a weekly time frame, price action from the year 2000- 2008 is regarded as an impulse that is recognized on the chart as an A, followed by corrective price action resulting in a triangle formation (ABCDE) from the year 2008 to 2020, end of which is marked
Long
GS Commodity Index ChartLooking at the Goldman Sachs Commodity Index and how the prices went up dramatically from the Covid lockdown, i would say that there is still room for a final rally, before a major correction in 2024.
The chart is self-explanatory.
Looking forward to read your opinion about this.
SPGSCI ForecastThe S&P GSCI Index looks bearish at the break of the low at 569.59 to potentially fall down to 550.87 for a bias of 543.00
So let's look at Oil...
Short
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's value movements over previous years to identify recurring trends.