For a different perspective, we also like to look at commodities indices and individual commodities through our relative strength point-and-figure methodology. Our proprietary charting system is designed to dampen the noise associated with short(er) sighted fluctuations in price, helping us to better see the dominant trend in a particular stock or, in this case, commodity. In this light, the CRB Index (relative to the MSCI World Index) has quite a bit of ground to cover before we might call the outlook positive:
On an absolute price basis, however, the downtrend does seem to have eased. Do we see the beginnings of a base?:
