Kumowizard

DBC bullish breakout and trend continuation

Long
AMEX:DBC   Invesco DB Commodity Index Tracking Fund
Higher high, bullish cloud breakout on daily, bullish momentum indication on weekly and daily.

I highly recommend you to zoom out the weekly time frame, as space is clearly opened to 24-25 target zone.

DBC is going to be the relatively strongest and best performing asset class for months ahead. It is also the best hedge against a cost inflation pressure and for an increasing possibility of a stagflationary period, which the central banks willl hardly be able to fight.

Welcome back to the '70s?