19.03.2009 - Energy Powers commodity ETF higher
From Fxstreet.com: The PowerShares DB Commodity Index ETF (DBC) has gapped up this morning, mostly because the energy complex is up significantly, but so are the grains, too, which has propelled the index above key near-term resistance at 19.50 on the way to test a flattening 50 DMA (now at 19.85). Lets keep in mind that 55% of the DBC is comprised of crude and heating oil, which enables us to participate in the energy complex. Key near-term resistance resides at 19.85-20.00, which if hurdled and sustained should trigger additional strength the projects to 21.25/50 thereafter..... Full Article: Source
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