• Commodities, Japanese Yen Both Looking Iffy Here

    2 monthes ago - By ETF Daily News

    From Chris Kimble : The below chart looks at the Japanese Yen and the Thompson Reuters Equal Weight commodity index over the past 9-years, which reflects that the long-term trend for both remains lower.
    Both peaked in 2011-2012 and declined for the next 5-years. Both bottomed in 2015-2016 and a have rallied over the past 30-months. Correlation between the two remains decent.
    The decline in each of late has both testing 30-month rising support at (1). Is a breakdown in play? At this time it is too soon to tell. For sure an important support test is in play!
    If both break support at (1)...
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