“Death Cross” of Moving Averages over Commodity Recovery
James Hughes of CMC Markets speaks about the moving average cross forming in the commodity index chart. It has a potential of a signal for the further decline of the commodities. The index itself has already crossed the 200-day moving average from above, forming a strong bearish wave. But a bearish cross of 200-, 100- and 50-day moving averages would confirm the pessimistic analysis.
Video of James Hughes for Cantos.
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