Near-Term Commdodity Resistance, but Big Picture Thematic Remains a World Beginning to Shift Away From Its Deflationary Anchor

Near-Term Commdodity Resistance, but Big Picture Thematic Remains a World Beginning to Shift Away From Its Deflationary Anchor

In the chart below I highlight the CRB Index and the fact┬áthat at (A) it has rallied back up to test former 40-yr support line (1) after reaching less important, temporary support line (2) in Feb-16. Note that former 40-yr…