$DBC
Added 2025-01-03 15:26:12 +0000 UTCOne of the biggest statements from Paul Tudor Jones in Sept when he warned about inflation was that he felt Commodity prices were 'ridiculously low'
I do agree with him and the chart suggest so too, with the $DBC underneath the 200 WMA now and at the lower limit of the channel and testing the 0.5 Fib at $20.5
The risk here is that the 0.618 Fib can not be ruled out at $18.15 but this would present a very good opportunity if we were presented with this level
I will continue to monitor this but the reversal here brings this up to $30 again.
Comments
Yearly dividend too I believe
Matt N
2025-01-03 16:54:21 +0000 UTC
