And so does inflation!
This chart shows the Commodity Index futures daily chart, which is nearing its all-time highs again. The Upper Bollinger Band is typically a point of dynamic resistance, so we may well see prices reverse at that point. However, since we are in a multi-decade secular bull market for commodities, prices also have a strong likelihood of passing through previous highs, and the resistance they represent, and continuing to new highs. Crude oil within the past few hours has touched yesterday's high of $112.20 per barrel, so we shouldn't be surprised if prices continue achieving new highs in the near future.
