With the exception of gold, most commodities are following the lead of equities and trading lower today. Today's weakness has caused the CRB Commodity Index CRBQ to trade below its 50-day moving average for the first time in three months. Since hitting a 52-week high just two weeks ago, the index has now seen a decline of over 8%. In a report for Bespoke Premium clients yesterday, we highlighted how the commodities sector has traded following prior periods when the sector saw sharp declines after hitting a 52-week high. To view that report, please click here (Must be a Bespoke Premium member to view).
