Commodity consolidation

Commodity tracker DBC is in a symmetrical triangle

Largely driven by its crude oil component, CRB tracker DBC’s daily chart is taking the form of a symmetrical triangle, which is usually thought of as a continuation pattern by ladies who stare at charts. Captain Obvious advises of the previous uptrend and hence, if the sym-tri works as not only the ladies, but also the men who stare at charts commonly believe, the next move would be up.

That is my chart talking. If I were to talk about it I’d be more skeptical. But I have learned to at least respect the charts I stare at when they flash certain conditions.

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