The Commodity Comeback Story π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by David Cox.
The Bloomberg Commodity Index closed Q1 with its second strongest quarterly gain on record, narrowly trailing Q1 of 2022.
The Index has been forming a multi-year cup-and-handle beneath its 2008 peak and has resolved to the upside with force.
Several commodities have started the year with historic gains, with Silver surging in January and Crude Oil following in March, highlighting the underlying strength of this commodity bull market.
The Takeaway: Commodities are off to one of their strongest starts ever, with the path of least resistance now pointing higher.
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