Graph down income arrow by The_Creador via Shutterstock
CRB commodity index has been recovering for the last year and at the same time we saw USDollar Index – DXY higher as well, so it’s a nice positive correlation between commodities and USDollar. However, it looks like a clear ABC corrective recovery in wave (B), from where we may now see a continuation lower for wave (C), which can drop the price of CRB and DXY back to 2023 lows.
Lower commodities and lower USDollar can lead to lower inflation.
www.wavetraders.com
For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on March 03 2025:
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
/Berskshire%20Hathaway%20Warren%20Buffett%20image%20by%20QubixStudio%20via%20Shutterstock.jpg)
/AI%20(artificial%20intelligence)/Artificial%20intelligence%20and%20machine%20learning%20concept%20-%20by%20amgun%20via%20iStock.jpg)
/Quantum%20Computing/A%20concept%20image%20with%20a%20brain%20on%20top%20of%20a%20blue%20circuit%20board_%20Image%20by%20Gorodenkoff%20via%20Shutterstock_.jpg)
/EV%20in%20showroom%20by%20Robert%20Way%20via%20Shutterstock.jpg)
/Berkshire%20Hathaway%20Inc_%20logo%20on%20phone-by%20FelloeNeko%20via%20Shutterstock.jpg)