With gold, oil and grains all acting extremely slow we should not be surprised to see the PowerShares Deutsche Bank Commodity ETF (DBC) powering higher today. In fact, the DBC touched 26 this morning, its highest point since last August, which also happens to represent a multi-month resistance plateau that once hurdled should trigger acceleration towards 27.00/50. This upmove in the DBC might just be starting, and could reflect a new phase in demand-pull (China-demand) inflation.



Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.