Since the Rind is only under the 13-week MA by a smidge, a few days are required to see how it shakes out. For now, the Rind has lost the 13-week MA at 533.47 which is a bearish signal for markets moving forward. CRB Rind Index is important since it is hard to manipulate and it directly indicates the use of everyday manufacturing needs such as tallow, cocoa, rubber, zinc, copper and lead scraps, print cloth, leather, and many other overlooked commodities. 2/26/13: Market Sell Signal; 533.47 (VOIDED, by 3/1/13 it remains on a buy signal)11/26/12: Market Buy Signal; 514.92.10/15/12: Market Sell Signal; 516.37.8/6/12: Market Buy Signal; 508.48.3/26/12: Market Sell Signal; 540.37.1/9/12: Market Buy Signal; 527.46.
Further information on commodities is found at the www.crbtrader.com website. The chart is from this site with annotation by Keystone. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added 3/2/13: The bulls pull out a big save goosing the markets higher and the Rind recovered to close at 535 above the 123-week MA at 533 and remain on a 'Buy' signal. Keep an eye on it next week.
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