CRB Index - At "Make it or Break it" point.

(Click on the chart to see it better)

 

CRB INDEX:

 

We are close to "Make it or Break it" time.

 

Since the 691 high in April 2011 the CRB Index has been Falling and has hit strong support near 503 several times, but within a few months the long term uptrend from late 2001 will hit the 503 support too. What it all comes Down to is whether we see a break above the resistance-line from 2011 or we fall below the long term uptrend-line from 2001.

 

A break above the resistance-line near 528 will buy the CRB Index some more time, but likely not a new high. On the other side a break below strong support at 503 will add considrable downside pressure on the CRB Index for a decline towards support near 350.

 

Be ready for the break whatever way it might go.