Medium term view - CRB Index : The major resistance has been reached, it causes the fall.
The trend is still neutral, but the consolidation shape reminds of a bearish reversal. Breaking below the support at 187.100 pts would validate the existence of a bearish trend with an invalidation above 203.600 pts. The market looks like it is going through a distribution phase.Arguments :
- The major resistance has been reached, it causes the fall.
- The flat moving average confirms our opinion.
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