The Continuous Commodity Index (NYSE:CCI) has moved moderately lower during the first two sessions of this week, returning to support at the lower boundary of the recent trading range near 625. Technical indicators are slightly bearish overall on the weekly chart, tentatively favoring a break below trading range support.
The index has been confined to this trading range since May and a close well outside of this area will signal the direction of the next move with a high degree of statistical confidence. We will identify the key developments as they occur in our daily commentary available to subscribers.
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