Not only has oil rallied strongly this summer, but the CRB commodity Index has advanced in a significant way as well. It’s overbought near-term, but it has broken enough key resistance levels to signal a change in trend to the upside. That’s not good for those calling for inflation to continue to decline in a meaningful way.
We’re flying our American flag proudly today…to honor those who died on 9/11 twenty-two years ago today…and those who have been affected by that day ever since. God bless you all.
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