Commodities Weekly (30 Jul ’17)

Commodities showing broad based improvementThe PowerShares Commodityies ETF (DBC) is reaking higher.

Focus is now on the 15.15/25 critical barrier.

Improving studies anticipate a later break as sentiment also improves.

We Upgrade to Positive as background readings also track higher.

An unexpected close below 14.50 will delay gains and prompt a fresh Downgrade to Neutral.

 

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