Commodity Trend Shift?

If DBC can be used as a proxy for overall commodity direction, it seems that it has fully escaped its descending channel and perhaps has begun a fundamentally new bullish trend.

The six green bars in a row on XOP tend to align with this idea:


More By This Author:

Dow Futility Index
The Halves And Halve Nots
Mind The Gap

I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.