If DBC can be used as a proxy for overall commodity direction, it seems that it has fully escaped its descending channel and perhaps has begun a fundamentally new bullish trend.
The six green bars in a row on XOP tend to align with this idea:
If DBC can be used as a proxy for overall commodity direction, it seems that it has fully escaped its descending channel and perhaps has begun a fundamentally new bullish trend.
The six green bars in a row on XOP tend to align with this idea: