Thanks for the chart and observations rabbit!

I'm currently looking at the $28-29 level as my primary target to the downside but will hold out for $25 with a couple of positions....and this seems to concur with what you are showing on your chart...

btw, I saw an anylist on CNBC that was talking about the CRB, as well as silver and oil as well interestingly...he said all the charts are the same as far as the action of just barely clinging to the 150 day moving average, and that historicaly action like this dictates either a move higher within a 4-6 week timeframe or a collapse usually matching the previous in magnitude by the end of this period! And that the closer you get to the end of the 6 week timeframe the likelier a collapse! He is still expecting a move higher this week, but admits the longer it waits the more bearish he becomes...

Now of course I found this fascinating considering the whole 6 week collapse timeframe we have been discussing here which lines up with 1980.....

Gonna be an interesting couple of weeks ahead I think...

Cheers!