The Commodity Index Fund (DBC) broke down with a sharp decline in February and then rebounded in March. This rebound was cut short when the ETF hit broken resistance and turned down on Monday-Tuesday. Last week's highs now mark the first resistance level to watch.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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