Raw Commodity Sector Still Stuck in a Major Rut

The daily bar chart for the Goldman Sachs Commodity Index (GSCI) shows the near-term technical posture for the gauge of the raw commodity sector remains bearish. It’s my bias that this major bust cycle in raw commodities is closer to ending–probably sometime in the first half of 2016. However, if the GSCI drops to a new multi-year low, identified by the support line seen on the daily chart, then it would be likely the raw commodity sector slump would grind on for at least many more months. By the way, I have some educational tools that can help you out. Click here to find out more about my unique educational products.–Jim

[box type=”note”]Also, check out my reviews of a couple of market analysis software programs that I think are useful for traders. They were developed by markets analysis software pioneer Lou Mendelsohn.[/box]

Click below.

Jim Wyckoff’s review of VantagePoint

Jim Wyckoff’s review of TradeShark

Stay tuned! Jim Wyckoff jim@jimwyckoff.com

(Analytical chart above is derived from FutureSource’s WorkStation)

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