Tag: continuous commodity index

  • Bearish Rising Wedge on Daily CCI Chart

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    The daily bar chart for the Continuous Commodity Index (CCI) is still in solid price uptrend and just recently hit a fresh 30-plus year high. The CCI is a basket of major raw commodity futures prices rolled into one composite price index. The CCI is also an excellent barometer of the general price trend of…

  • CCI Reflects Major Bull Run in Raw Commodity Markets

    Record-high crude oil and wheat futures prices, gold futures prices nearing historic highs and a sharply lower value of the U.S. dollar versus the other major currencies are a bullish cocktail that has pushed the Continuous Commodity Index to a 30-plus year high just this week. The CCI is a basket of major raw commodity…