Trend Trading: Commodities Index ETF

The DB Commodities Index Tracking ETF (DBC), Long and Bullish, today is doing another in a long term series of breakouts. $17.23 is the breakout point, which is the February High. The ETF is trading 15.5% above the S&P 500 Index (SPX), over a 200 day moving average. The ETF is trading in excess of an 80% annualized rate of growth over a 200 day moving average. The component crude oil contract is juicing the commodity index.

The DB Commodities Index Tracking ETF (DBC):

Commodity ETF (DBC)

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

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