November 18, 2024
I analyze the Invesco Agriculture Fund, which is nearing its highest monthly close in a decade, driven by commodities like cattle and cocoa. I also examine the Invesco Commodity Tracking Fund, where I see a potential cup and handle pattern forming. If we break above the $30 or $31 level, it could signal a significant commodity bull run. Using Elliott Wave analysis, I discuss the possibility of an upward rally if key trend lines are crossed.
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