Wednesday, May 11, 2016

Agriculture Seems To Be Poppin' And Lockin'

Glancing at commodities this evening Agriculture Fund DBA seems to be putting in a bullish ascending triangle. If resistance at $21.30 can be broken, look out above! Long-term MACD indicators look very bullish with the KST and PMO indicators both ascending positively.
Come to think of it Commodities ETF (DBC) has had a good run of late and similar to DBA if it breaks above $14.50 the next stop is $15.00. Long-term MACD and indicators PMO and KST are also ascending positively.