Gold and silver have stolen the headlines while trading at elevated prices.
But there are a lot of commodities showing weakness (see Crude Oil). And the Invesco Commodities ETF (DBC) highlights the overall underperformance of the group.
DBC is down over 12 percent off its September high and momentum is very weak (and oversold). That could be a good thing short-term as price is oversold and at important price support ($22). Time for a bounce?
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$DBC Commodities ETF Chart
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
