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Thursday, August 23, 2012

Runaway Inflation On Its Way!

The CRB Index ($CRB) is breaking above its 200-day moving average after two failed attempts. Since first breaking below the 200-day in August 2011, this level marked resistance in early September and late February. With this week’s move above 305, the index broke the 200-day and exceeded the April 2011 trend line. 

120823crb
Click this image for a live chart 

http://blogs.stockcharts.com/dont_ignore_this_chart/2012/08/crb-index-breaks-above-200-day-day-sma-.html 

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