Futures Market Guide

Tag: GSCI

  • Raw Commodity Sector Still Stuck in a Major Rut

    Raw Commodity Sector Still Stuck in a Major Rut

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    by

    Jim Wyckoff
    in

    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…