$DBC - Buy signal. Increase commodity exposure!Heikin-Ashi buy signal from support.
Initial stop at 14,50.
DBC trade ideas
$DBC Commodities Mean Reversion for 2016?I will check this chart monthly in 2016, but it's possible we do see some sort of mean reversion towards $16-$18.
$DBC - Working Lower This is the PowerShares DB Commodity Index. With more than 40% of the index weighted in different forms of oil (Light, Brent, Heating, and RBOB), it resembles the charts of crude and Brent we follow but with a more bearish elliott wave count. Circle wave iv may be underway (crude is up 2.5% right now) and I have thrown up a cluster of Fibs in order to identify a potential stopping zone before the downward trend resumes. Clearly and without a shadow of a doubt, commodities have not bottomed.
Commodities as a 'Risk Asset' Play?It used to be that commodities were one of the preferred 'risk asset' plays - particularly when volatility was prized pre-Great Financial Crisis. Now, as the S&P 500 moves on record highs, commodity aggregate indexes are hitting multi-year lows. The Powershares/DB ETF here hit a series low (back to 2006).
