DBC Commodities move 3x; 4x @29.60 is next target
DBC already move 40% due to inflation. The Ukraine invasion has made it parabolic due to Russian sanctions which will affect energy like oil & natural gas & food components like wheat.
The conflict will not end soon. Another 9% is coming to target 4x at 29.60.
Due to oversold RSI, there may be some retracement or consolidation to digest the 40% gain before a continuation of rally.
Not trading advice
The conflict will not end soon. Another 9% is coming to target 4x at 29.60.
Due to oversold RSI, there may be some retracement or consolidation to digest the 40% gain before a continuation of rally.
Not trading advice
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