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Kumowizard
Sep 15, 2021 2:55 PM

DBC bullish breakout and trend continuation  Long

Invesco DB Commodity Index Tracking FundArca

Description

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?
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