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Commodity renaissance or a dead cat bounce?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    A key theme in the markets lately has been the recovery of various commodity prices. Commodity prices have been falling more or less steadily since late April / early May of 2011. The Thomson Reuters CRB Commodity index for example has rallied 11% since its lows around the middle of February. The closely watched price of oil has put in a much more impressive recovery of almost 50% since it bottomed around $26 a barrel to rise above $38. Together with oil, gold is the other key commodity which

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