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.

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!