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MS Commodity Index (CRX) looks to be “Kissing the underside of resistance” for the first time in several years at (2) above.
Once support broke back in 2008 at (1) this index fell hard and the global economy deflated/contracted.
Keep a close eye on the price action of the CRX index to see how it reacts to this important “kiss of resistance!” If you want to follow this Index you can get the quote here. (CRX Index)