When I look a the commodity ETF's I have this picture in mind :
Commodities are about to whistle : Tuuuuuuuuuuuuuuuuuuut !!!!
All we need is a break above the resistance line I have drawn on each chart. I still expect some little consolidation for the rest of April... but when commodities finally break to the upside it's going to whistle so hard it's gonna hurt your ears !!
I will be positionned in commodity ETF's as soon as it breaks. I'll be watching like a hawk.
Here is an update on the previous post about commodities.
DBC : Powershares DB Commodity Index Tracking Fund
DBA : Powershares DB Agriculture Fund
DJP : iPath Dow Jones AIG Commodity Index Total Return
RJI : Rogers International Commodity Index Total Return
UCD : Proshares Ultra DJ-AIG Commodity (Double Long ETF)
