Commodities Eye New Upswing

 | Nov 16, 2017 12:52PM ET

The commodity ETF DBC had been trapped beneath resistance for over two years, but it broke out recently. The weakness we saw in crude oil earlier this week dragged it down, some, but it's pushing up off support at this point (see arrow). If this level holds (16.05), we could be entering a new upswing in commodities.