22 Dec, 2020 07:30 am

Where Will Commodities Go In 2021?

Where Will Commodities Go In 2021?
Commodities Analysis by Michele Schneider covering: S&P 500, Dow Jones Industrial Average, US Small Cap 2000, SPDR® Dow Jones Industrial Average ETF Trust. Read Michele Schneider's latest article on

It’s recently had a recuperation phase change when it cleared the 50 week moving average.Though it's been stuck in a downtrend, it made a solid break over the moving average and if it continues, could be setting up for a very large move.KRE (Regional Banks) Resistance 200 week moving average 52.DBA Weekly Chart Above is the Invesco DB Agriculture Fund (NYSE: DBA ), an agriculture ETF.

CORN Weekly Chart the Teucrium Corn Fund (NYSE: CORN ) made an even cleaner break when it crossed the 50-WMA in October.Clearing the 200 would bring this into an accumulation phase, which for many of the food commodities hasn't been seen on the weekly chart in years.

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