by Chris Kimble
CLICK ON CHART TO ENLARGE
If one has invested in the Thompson Reuters/Jefferies CRB Commodities index since 2011, its not been a fun ride as the index is down 25% over the past couple of years and has made a series of lower highs. On the opposite side over the past 18 months, the CRB has created a series of lows, creating a descending triangle pattern in the chart above, that is about to end.
Should the CRB break resistance, it has the potential to run to the upside for a while which would surprise many professional managers because exposure to this asset class is at historical lows!
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