Short term view - CRB Index : Prices are breaking below the moving average, it is a sign of weakness.
The trend is still bearish, but it could slow down. Indicators are oversold. The next target is at 187.354 pts. The invalidation level is above 200.542 pts.Arguments :
- The support has been reached.
- The 38% retracement has been reached.
- The Stochastics are oversold.
- Prices are breaking below the moving average, it is a sign of weakness.
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