27.06.2014 - Is Now The Time To Buy Commodities?
For active traders thinking about investing in commodities now could be the time. As you can see from the chart below, the price of the iPath Dow Jones-UBS Commodity Total Return ETN (DJP) has recently bounced off its 200-day moving average. The bullish long-term buy signal is being confirmed by the MACD indicator crossing above its signal line. These two technical buy signals along with a rising RSI indicator suggests that commodity prices could be heading higher over the months ahead. Aside from the technical chart patterns, price movements of major underlying commodities are also suggests that a move higher is likely in the cards..............................................Full Article: Source
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