Actual analysis of the oil price. Is it time to buy or not?
Gold price in a decline. It is time to buy gold already?
DBC – broad commodity ETF – moves in a downtrend.
DBC – broad commodity ETF – moves in a pullback after strong decline.
Commodity index DBC continues in a decline as expected. There isn’t important support level till the 22USD. No time to buy commodities. It is possible to find some weak commodity and short sell it. Energy commodities are weak so tickers like BNO, USO, DBE are examples of possible short sell picks.
Commodity index DBC resumed its bearish trend and could continue to new lows. Precious metals and energy commodities lead the way down these days. It is not a time to buy gold, silver or oil now.