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

26 ago 2020

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.