Commodities Strength Continues

Commodities, particularly oil, continue to be strong. You can see the breakout a few weeks ago from the range DBC was in, and the successful test afterward.

(Click on image to enlarge)

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More specifically, oil is gaining strength, I suppose with an eye toward next week’s big OPEC meeting/announcements. The yellow area represents a strong base, and I’ve circled where prices are pushing above the trendlines.

(Click on image to enlarge)

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Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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