22.03.2011 - Commodities see more bullish signs emerge
Barclays analysts specializing in measuring price momentum and other technical factors that play into marketsí 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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