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Upmove in Commodity ETF


With gold, oil and grains all acting extremely slow we should not be surprised to see the PowerShares Deutsche Bank Commodity ETF (AMEX: DBC) powering higher today. In fact, the DBC touched 26 this morning, its highest point since last August, which also happens to represent a multi-month resistance plateau that once hurdled should trigger acceleration towards 27.00/50. This upmove in the DBC might just be starting, and could reflect a new "phase" in demand-pull (China-demand) inflation.
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