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The Commodity Sector Appears Poised for Upside Acceleration


Once again, while I am not sure what the bullish catalyst might be that triggers the powerful upside potential implied within the enclosed chart of the commodity sector-- that shows a 16-month base-accumulation pattern, the technical set-up nonetheless, is extremely compelling, and points to considerably higher PowerShares DB Commodity Tracking ETF (DBC) prices in the weeks and months ahead.

As we speak, DBC looks poised for upside continuation and acceleration towards targets of 17.50 and 19.00 - 20.00 thereafter.

Only a decline and close beneath 15.50 will compromise the developing medium-term set-up.

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