Demand for certain commodity ETFs is moving in the same direction as the stock market: UP. Economic growth translates into more demand for industrial metals (DBB), oil (USO), gasoline (UGA) and agricultural products (UGA). In a bit of a strange twist, natural gas (UNG) and livestock (COW) remain laggards.
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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