I went through the weekly charts of commodiy ETF's (DBC,DBA,RJI,DJP).. the selling pressure has alleviated ,the charts looks like they are building a base since the end of February. Could that be "THE" bottom for 2009 ? Most probably,unless my support areas (red area) are taken out !! I woud wait or a pullback in weeks to come before a move higher until year end.
DBA : PowerShares DB Agriculture Fund. (Click on link to see details)
DBC : PowerShares DB Commodity Index Tracking Fund. (Click on link to see details)
RJI : Rogers International Commodity Index. (Click on link to see details)
DJP : iPath Dow Jones-AIG Commodity Index Total Return. (Click on link to see details)