Are Commodities About to Step Down?

By -

Take a look at the ETF symbol DBC, which is the commodity fund. There is a consistent series of lower highs and lower lows, and given the surge we’ve had in crude oil the past several weeks, a large portion of its gap has been closed. Strictly speaking, the gap is at $26.43, so there are still a few dimes to go, but we’re awfully close.

0712-dbc