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Tracking commodity groups with PerfCharts and CandleGlance Charts

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There are numerous commodity-related indices and ETFs available at stockcharts.com. In particular, the commodity-related ETFs from Powershares offer a good means to keep an eye on various commodity groups. Deutsche Bank

DB Commodity Index Fund - DBC
DB Energy Fund - DBE    
DB Base Metals Fund - DBB        
DB Agriculture Fund - DBA        
DB Silver Fund - DBS        
DB Oil Fund - DBO
DB Precious Metals Fund - DBP   
DB Gold Fund - DGL        

Even though these ETFs are self-explanatory, investors should know the component make-up to truly understand the driving forces. For instance, the DB Commodity Index Fund (DBC) looks like a broad-base commodity fund. However, a dive into the components and weighting reveals a heavy tilt towards the oil complex. Four of the fourteen components are oil related. That does not seem like much, but these four components account for 47.68% of the ETF (Brent Crude 11.93%, Heating Oil 11.86%, Light Crude 11.95%, RBOB Gasoline 11.94%).

For charting and analysis, investors can look at individual charts, PerfCharts or CandleGlance charts. The PerfChart below shows the eight commodity ETFs over the last 200 days (March 25th to January 7th). The DB Base Metals Fund (DBB) is by far the best performing. The DB Agriculture Fund (DBA) is the worst performing.

100108zmail-perf Click this chart for details

With CandleGlance charts, users can view eight small candlestick charts for a quick overview. CandleGlance settings can be adjusted at the bottom of the page. Duration can be set to 6 months and indicators can be applied to all eight charts. Click here for to see these CandleGlance charts.
Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. 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 technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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