CRUDE OIL RELATIVE TO CRB INDEX

CRUDE OIL/CRB INDEX RATIO TO FALL

The CRUDE OIL/CRB INDEX ratio is going to go lower which means that not only is the CRUDE OIL price going lower but that it is going to fall faster and further than commodities in general. The daily chart above shows that the ratio (closed 0.2992) in recovering 50 percent of its decline failed to get up to its 200 day moving average...and now it has plunged through support of the minor uptrend and its tandem moving average indicating that it is going lower.