200p Posted December 11, 2015 Share Posted December 11, 2015 What next for commodities? The CRB Index, an index of commodities might give us a clue. This is data from 1749 - the last major low was marked in 1999 at 187 points. http://www.ritholtz.com/blog/2011/05/reutersjefferies-crb-index-1749-2011/ This is a live chart, the current index is at 177 http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=crb&x=64&y=13&time=20&startdate=1%2F4%2F1999&enddate=6%2F27%2F2015&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=30&uf=0&lf=1&lf2=2&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10 Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted December 11, 2015 Share Posted December 11, 2015 So it flatlines for 10 years? Quote Link to comment Share on other sites More sharing options...
justthisbloke Posted December 11, 2015 Share Posted December 11, 2015 Hmm. Did something happen in 1968 that shifted the baseline up? Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted December 11, 2015 Share Posted December 11, 2015 I guess the Middle East wars and thereafter OPEC having its western customers bent over for a good shafting. Until shale came along. https://en.wikipedia.org/wiki/OPEC Quote Link to comment Share on other sites More sharing options...
cool_hand Posted December 11, 2015 Share Posted December 11, 2015 Morrisons cuts petrol price to below £1 a litre http://www.bbc.co.uk/news/business-35066242 Quote Link to comment Share on other sites More sharing options...
billybong Posted December 11, 2015 Share Posted December 11, 2015 (edited) Morrisons cuts petrol price to below £1 a litre Excellent news - but it's still higher than when the oil price was last at the current level. Even so cause for celebration. Edited December 11, 2015 by billybong Quote Link to comment Share on other sites More sharing options...
R K Posted December 17, 2015 Share Posted December 17, 2015 Awful misleading chart. As lots of posts below it point out it needs to be inflation adjusted & log scale. Quote Link to comment Share on other sites More sharing options...
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