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Commodities see more bullish signs emerge

Posted on 22 March 2011

Barclays analysts specializing in measuring price momentum and other technical factors that play into markets’ gyrations are predicting that commodities are entering a new bull run. Looking at broad benchmarks, the technicians believe that commodities futures could be looking at a 23% upswing off recent lows.
The broad PowerShares DB Commodity Index Tracking ETF (DBC) hit a 52-week hight at $30.43 earlier this month. Then, it dropped to $28.49 last week before rallying and closing today up 0.5% at $29.86 a share……………………………………….Full Article: Source


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