DJP monthly - trending is turning up

iPath Bloomberg Commodity Index Total Return ETN (AMEX:DJP)

Updated

AMEX:DJP iPath Bloomberg Commodity Index Total Return ETN

DoubleLine Gundlach said this year is the year of commodities. I took a look at DJP it indeed looks very attractive. RSI is above 50, MACD is positive and price is above 10 month MA and the MA itself is flat to turning up! I think it is a buy if it can close above $25.50 on a monthly basis.

Comment:

Got it wrong. Have to admit never understand commodity space.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.