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Commodity ETPs closing in on a bull market

Posted on 08 May 2009

From Hardassetsinvestor.com: Commodities - that is, certain commodities, such as crude oil, base metals and the softs - have awakened to turn upward. At the same time, interest in safe-haven gold has been eroding. The renewed interest in commodities has been reflected in the price trends of broad-based exchange-traded products (ETPs).

Among the half-dozen notes and funds with trading histories of at least 200 days, five have broken to the upside of their 50-day moving averages. None has yet risen above its 200-day mark, the threshold for heralding a primary bull market. The one exchange-traded note (ETN) now trading below its 50-day average is paradoxically the one closest to starting a bullish trend…….Full Article: Source


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