There are a lot of things happening across a broad range of markets, and this is what is giving me some encouragement. No, we will not see new highs, but the grain markets have refused to collapse despite many other outside markets collapsing. When some of the corresponding markets find a foot hold, I think we will get the bounce needed to make some grain sales.
Let us begin by looking at the Dollar.
What I would like to point out on DBC is that within the entire commodity complex, we are at an area of support spanning three years. Commodities have yet to confirm a bottom, but are in the timing band for a low. Besides that, DBC will be forming a buy signal on the CCI oscillator. This tends to be a pretty reliable trend reversal tool.