One to Watch as it breaks out and look out above. Trading the Break.
1) Price is above the 13 sma for week month 2) AO is positive for week and month 3) Elder Impulse is green for week and month no position
Crossing to upper channel after five years $GCC, $DBC
No position look for it to continue down
Follow the price action in the Commodity group.
The stage is now set for commodities to produce the long awaited rally. Please do NOT jump in without a trade plan as many entry opportunities will be presented in the coming days. You must wait for them to confirm your trading or investment strategy before pulling your trigger. Patience is virtue!