As promised, here are three charts of ETFs I’ve recommended in Red-Hot Commodity ETFs…
First, the DB Gold Double Long ETN (DGP: 27.80 +0.39 +1.42%). The horizontal blue line marks overhead resistance. You can see how DGP gapped above that and kept running.
Then, the Market Vectors Agribusiness ETF (MOO: 44.93 -0.38 -0.84%). You can see a nice reversal that is reminiscent of an abandoned baby or morning star. 
MOO ran into overhead resistance at its 50-day moving average, but that’s okay. Check out the RSI — it has broken its downtrend, which should be pretty bullish.
Finally, the First Trust ISE Revere Natural Gas ETF (FCG: 18.16 -0.32 -1.73%).
This holds a basket of natural gas stocks and outperforms the ETF that tracks natural gas itself (UNG: 7.4019 -0.3681 -4.74%) by a wide margin. You can see it has been stair-stepping higher, and just punched through its short-term downtrend.
All in all, I’m pretty happy with these in the portfolio.
Related Posts
- Grabbing Gains on Double-Long Gold! (09/16/09)
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- 2 More Charts for Santa — Small-Caps ETF and Red-Hot Gold Miner (12/21/09)
- News For Thursday — Agriculture, Energy and… (04/17/08)
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