Sygyzy

Breakout on Powershare DB commodity ETF

Long
AMEX:DBC   Invesco DB Commodity Index Tracking Fund
After the big buy volume in Feb, they try to shake the bulls off, then slowly creating uptrend. It started to break out this week on ascending triangle (blue lines), and previous price level from Jan. (orange line), and uptrend channel mid0line (green lines) and there’s also a weekly trend line from back in June 2017 (not shown). As of now, MACD is positive, StochRSI up, McClellan Oscillator in uptrend. We could see a potential run to $18+ here.

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