Report
Valérie GASTALDY

Short term view - CRB Index : The gap could announce a bearish reversal

The trend is still bullish, but it could slow down. Indicators display a bearish divergence. The next target is at 206.578 pts. The invalidation level is below 199.700 pts.

Arguments :
- The resistance has been reached, it causes the fall.
- The MACD displays a bearish divergence.
- The moving average is supporting prices.
- The gap being opened could announce a bearish change in the trend, should it remain open in the coming days.
Provider
Day By Day
Day By Day

​​DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.

Analysts
Valérie GASTALDY

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