RealAssetNews

Providing news and commentary on price movements of non-financial assets for the public's perusal

[RealAssetNews @RealAssetNews]

RANDI continues to climb showing inflation in action. Recent high in early May was 1277. This is 3 times the measuring objective up from the inverse head and shoulders reversal. #inflation #realassetnews

[RealAssetNews @RealAssetNews]

Real Asset News Daily Index (RANDI) continues rising. Trend is up. High so far is 1060 on December 26th. All time high was 1083 in April 2022. Inflation continues. #Inflation #RealAssetNews

[RealAssetNews @RealAssetNews]

Real Asset News Daily Index (RANDI) is at 1037 and rising. Crossed the first measuring objective after an inverse head and shoulders reversal. It appears ready to challenge the old high of 1083. Trend is up. Inflation continues. #Inflation #realassetnews

[RealAssetNews @RealAssetNews]

RANDI at 981 and rising. Trend is up. Bottom was in February 2024. Not much more to say. There’s a rising tide of inflation. #realassetnews #inflation

[RealAssetNews @RealAssetNews]

Randi showing some strength up from the February 23rd low. If strength continues and breaks above the neckline that would show an uptrend. After that - maybe a move to the old highs and possibly beyond. #RealAssetNews #inflation

[RealAssetNews @RealAssetNews]

A measured look at the relationship between fed funds and core inflation. Nice work @dougcliggott https://t.co/mQjWSzrqVK
#inflation

[RealAssetNews @RealAssetNews]

Ding Dong, Inflation's Dead...or is it?
https://t.co/XPZfgpii7G
An insightful read from @dougcliggott
#inflation

[RealAssetNews @RealAssetNews]

The RANDI made a low of 809 on May 31st, then broke out of a reversal pattern. Rose to 900 by July 25th - which was short of the first measuring objective. Lower highs and lower lows since then. Trend down. At best broadly sideways between 809 and 900.

[RealAssetNews @RealAssetNews]

The RANDI is holding above support in the 840 area and above the trendline shown in green. Overhead resistance stands in the 875 area. Appears to be forming a low. #inflation #RealAssetNews

[RealAssetNews @RealAssetNews]

@elliottwaveintl

[RealAssetNews @RealAssetNews]

RANDI has the beginning of an uptrend. Recent high is 900. Initial support 864. Next 840. #inflation #RealAssetNews

[RealAssetNews @RealAssetNews]

Watching for a low to form in the long term chart of cash corn. Significant move up lasted 13 months following the $3.03 low in 2020. Correction following the 2021 high: 5 months down, 8 months up, & 13 months down so far. Support near $5.35 to $5.22. #inflation #RealAssetNews

[RealAssetNews @RealAssetNews]

Randi trend is down with lower highs and lower lows. Price is below a falling 200 day moving average. Yet evidence is building for change to uptrend. Rally from 809 to 874 was biggest since top. Support 810 to 820. #Inflation #RealAssetNews

[RealAssetNews @RealAssetNews]

More details on RANDI support levels. Fibonacci 38% is 824. A 50% level is 744. Seven months sideways in 2021 high 845, low 771, midpoint 808. The May 31st low of 809 is a reasonable level for a correction to end. #inflation #RealAssetNews

[RealAssetNews @RealAssetNews]

There was a significant rally from COVID low at 405 to the 1083 high just over a year ago. If the larger trend is up, and the drop after is countertrend where may support be found? 809 is a 40% retracement. Alert for more signs of strength. #inflation #RealAssetNews

[RealAssetNews @RealAssetNews]

Year to date RANDI and the levels of the most recent swings. The trend has been down for over a year. What evidence would indicate a possible change of trend? Rising above 876 would be a good start. #inflation #RealAssetNews

[RealAssetNews @RealAssetNews]

For over a year, the RANDI has been drifting lower and lower. From a high of 1,083 to low of 809. A lengthy series of lower highs and lower lows. #inflation #RealAssetNews

[RealAssetNews @RealAssetNews]

RANDI drifting lower and a bit lower. Reminds me of the old limbo dance. “How low can you go?” 860, 850, 840, 830, 820 during May so far…

[RealAssetNews @RealAssetNews]

RANDI drifting lower. For 6-months 850 support held. March 840. April 830. Index value is presently below three falling moving averages. Is this a downtrend? We’ll take a closer look at groups, components & trends. #inflation #RealAssetNews

[RealAssetNews @RealAssetNews]

Corn went lower last week than I thought it would. December went 3 cents below the paper. May corn turned at the 50% retracement level today. Looks like a corrective advance. #Corn #inflation #RealAssetNews