Chart to watch DBC/SPYCommodities are left for dead even though they outperformed during 2021. This is a chart to watch for the long term imo. We could get a break out sometime in 2027
Key stats
About Invesco DB Commodity Index Tracking Fund
Home page
Inception date
Feb 3, 2006
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
DBC represents 14 commodities drawn from the Energy, Precious Metals, Industrial Metals and Agriculture sectors via futures contracts. The funds index aims to maximize the potential roll benefits in backwardation markets and minimize any loss from rolling down the curve in contango markets. It did so by employing a rules-based approach when it rolls from one futures contract to another for each commodity. Rather than rolling based on a predefined schedule (e.g. monthly), the index rolls to futures (within the next 13) which, by its rules, generates the maximum implied roll yield. Structured as a commodity pool, investors should expect a K-1 at tax time. The fund and the index are rebalanced and reconstituted annually in November.
Classification
What's in the fund
Exposure type
Mutual fund
Government
ETF
Bonds, Cash & Other100.00%
Mutual fund45.57%
Government35.30%
ETF19.12%
Invest in Invesco DB Commodity IndexWhy invest in Invesco DB Commodity Index Tracking Fund (DBC)?
The Invesco DB Commodity Index Tracking Fund (DBC) is one of the most popular exchange-traded funds (ETFs) that offer an easy and efficient way to gain exposure to commodities. This fund is designed to track the movement of a broad-based
Commodities - Bullish WedgeOverall, commodities looking like they going to do well the next few quarters.
Inflation Forgotten & Reloading?In the midst of rate cuts, commodities are bouncing off the 200 month moving average. If this wedge resolves to the upside then the cheers of cuts might be short lived. High commodity prices and weak economy would present a serious challenge for the central bankers worldwide.
Invesco Commodity 41924Heavily weighted in energy. I see DBC catching a bid to test the top resistance. If that breaks through, which it will eventually. Fireworks will pop off.
30 dollars
DBC is on the verge of a breakout on the monthlyDBC is on the verge of a breakout on the monthly. First upside target 🎯 and resistance is $25.91. This price target is a confluence resistance level with upper BB. If price breaks through that resistance then next upside 🎯 is $30.
Commodities (inflation) heading higherThis has an inevitability surrounding it.
DB commodity index. Headed higher (ditto inflation and yields).
EU faces pressure to defuse mounting anger as farmers protest aGiven the mounting anger and protests by farmers across Europe, there appears to be a significant challenge stemming from contradictory and potentially detrimental agricultural policies. The grievances include increased costs for agricultural diesel, additional fees for water consumption, complex re
Bear flag on DBC?We can see a potentially bearish consolidation taking place after the break in the previous trend.
If confirmed, the closest target will be 21.
Commodities Forecast To Crush StocksThe analysis clearly shows commodities have broken out versus the stock market and a new trend has begun.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.