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sosgoodlfc
Aug 26, 2020 2:36 PM

Will commodities soar? (Using DBC as our analysis instrument) Long

Invesco DB Commodity Index Tracking FundArca

Description

Commodities as a whole have been getting a beating for a while now. If you zoom out you will see a MASSIVE consolidation triangle. Using Elliot wave analysis we have projected a possible break of this colossal triangle. If we get some movement downwards to wave the 4 correction boxes I would definitely consider adding some exposure to a basket of select commodities. Keep in mind we are experiencing indeflation right now so you have to be tactful with where your exposure will go. I'll update later on with a price comparison of some trading friendly commodities.
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