DBC- Break out on strong volume and 20 and 50 are about to cross
DBA- again look at the volume on Friday! The volume combined with the breakout of the down trendline is bullish. The SToch is slightly overbought but if DBA wants to rally this wont matter.
If Ags and Commodities start to rally then the companies within the industry should rally. One way to play that is MOO. Not to beat a dead horse but look a the volume.
Now some of the move up in Ags and Commodities could have been from the fall in the dollar over the past couple of days. But the whole move in Ags and Commodities was not because of the dollar. The dollar did break a longer-term trendline and might have support around 84.
Right now the dollar is up this morning because of some poor economic data in Euroland.
It will be interesting to see if the Ags and Commodities can rally without the dollar falling and if they can rally with the same amount of volume. Keep an eye on the Ags and Commodities this week, if they rally the market can follow.
