Commodities Weekly (29 Oct ’17)

Broad Commodities DBC Index strengtheningBreaking higher.

Prices within reach of critical resistance at 16.00/08.

A close above here will confirm a significant rally, as the 2016 bull trend gains traction.

Subsequent focus will turn to the 17.50, (38.2%) Fibonacci retracement of the 2014-2016 fall.

An unexpected close below 15.50 will delay gains, but a further close below 15.17~ is needed to prompt a Downgrade.

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