Commodities Trying to Bottom

03/17/2009 9:05 am EST


Thomas Aspray

, Professional Trader & Analyst


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.