DBC is “comprised of futures contracts on fourteen of the most heavily traded physical commodities, and as you can see from the chart below, recent weakness has sent the price of the fund toward the long-term support of its 200-day moving average. In technical analysis, the 200-day moving average is one of the most significant levels that is used to determine the long-term direction of the trend, and the recent close near $14.35 is creating one of the most lucrative risk/reward setups of 2016,” according to Investopedia.
SEE MORE: Commodity ETFs in Bull Market for First Time in Four Years
DBC currently features exposure to about 15 commodities. Those include heavily traded commodities such as gold, silver and West Texas Intermediate oil futures, as well as more obscure commodities fare such as sugar, wheat and zinc.
For more information on the commodities market, visit our commodity ETFs category.
PowerShares DB Commodity Index Tracking Fund
