The CRB Commodities Index hints at a good trade

The CRB faces triple capitulation:

1. Public Opinion is as bad as in 11/2008 when the CRB bottomed during the crisis
2. Weekly Exhaustion has reached an Oversold level
3. Daily Exhaustion has reached a downside extreme

Opportunity:

• If the Weekly Exh. Index can turn around at this stage then we could see a up to 200% rally in the CRB
• The Daily Exh. Index needs to avoid an evolving divergence as sign of a protracted bottoming