Key Inflation Indicators Facing Big Test In September!

by Kimble Charting

Inflation has long been a word that the Federal Reserve uses but the general markets have forgotten about.

Why? Well because it’s been virtually non-existent for years. Key indicators like commodities (i.e. copper) have been in a down-trends and the Materials Sector (XLB) has lagged… until this year.

In today’s chart 3-pack, we take a look at the Equal Weight Commodity IndexCopper Futures, and the Materials Sector to highlight why inflation could come back to the forefront once again!

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As you can see, commodities have been making a comeback this year and are testing an important down-trend line. Copper futures have also rallied and are testing its own down-trend line. And Materials have risen to make new highs but have yet to close above it prior highs (so also testing important resistance).

Taken together, this is a big test to see if inflation is peaking or about to end long-term bearish trends. Stay tuned!

This article was first written for See It Markets.com. To see the original post CLICK HERE.

 

 

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