$DBC - RC - ETF - COMMODITY INDEX
Added 2023-07-02 01:14:23 +0000 UTCA very well structured chart here and this has not reversed yet either to the upside, we can see that the price action is in a strict yellow channel here which is a bull flag and a breakout to the upside here will be significant. This is a long time scale projection so do not expect anything to move here quickly.
The price action is just between the 0.38 and 0.5 Fib right now, so this is the area where Wave 2 can complete and be valid, so it is important to watch for signs of reversing now.
The 50 and 200 Day MA are just above, so getting above these levels first will be the first indication of a reversal.
If this can happen, we should see the same bull run that was experienced in 2020 to the start of 2022.
Certainly, an ETF to be considered as a long term hold.
Comments
This is the building blocks of the real world .... what does this mean for inflatoin? Thanks for whoever requested and thanks for the analysis.
KeiraD
2023-07-02 06:20:35 +0000 UTC
