The PowerShares DB Energy (DBE), up 60% from its February low of $16.43 to close at $26.25 on Wednesday.
A good way to mitigate the inherent risks involved with commodities is through the use of an exit strategy. According to the latest data at www.SmartStops.net, an upward trend in the previously mentioned ETFs could come to an end at the following price points: USO at $38.07 and DBE at $24.57. These price points change with market fluctuations and updated data can be found at www.SmartStops.net.
Written By Kevin Grewal in Laguna Niguel, Calif.