CRB Index Entered Support Zone

Everyone is down on commodities nowadays. While it is hard to argue with fundamentals behind the one-year-old decline (from higher dollar to lower demand), this asset class is now so universally hated that it may be due for a nice bounce. CRB Index entered a support zone, which I think will hold.
SPX staying above 1300 is an integral part of this possible bounce.


click on chart to enlarge