Commodities Trying to Bottom

03/17/2009 9:05 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart

Several of the commodity markets improved last week, and the RS versus the S&P 500 broke out to the upside in mid-January after holding important support. The long-term RS uptrend is still intact, while the CRB needs to move above 390 to complete the bottom formation. Key CRB support at 340.

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