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Agriculture Break Out Relative to Energy, Commodity Index

Posted on August 24, 2007

Mike Panzner points out that as Oil prices have dropped, Agriculture Commodities are breaking out (especially relative to Energy and/or Commodity Index). Many of those who take an interest in global commodity markets have commented on the relative attractiveness of the agriculture sector, especially in light of the demand created by rising per capita incomes in nations such as China and India.With the technical pattern suggesting that the sector is breaking out (and hitting new 5-month highs) versus oil and an index of various commodities, now may be the time to jump in. To make the two comp...

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china , commodity , india , oil , tracking fund