CRB COMMODITIES INDEX BEAR MARKET COULD BE TERMINATING

Investors in commodities have taken a hammering this year...whether it's the price of precious metals,coal, oil or iron ore, investors have taken a "bath." But the worst seems just about over. At least that's what the technicals are saying. The InvesTRAC short term model shows that the OB/OS indicator has just begun to rise with the forecaster showing a rising ternd into early February. The daily chart below shows a 15 percent rise form the January lows which has more than been taken back by the second half slump...the index has ticked up slightly and is encountering the downtrend with a massive divergence on its RSI. My conclusion is that the worst is over and that we should now (or very soon) see the hard hit commodity prices lifting off their lows.