The GSG(iShares S&P GSCI Commodity-Indexed Fund) has been consolidating in a narrow range for the last four weeks. The index held above very solid support during this phase. A fresh rally leg may be coming as the month long bull flag begins to give way.
The GSG is heavily weighted in energy(62%)
Agriculture, Industrial Metals, Livestock and Precious Metals make up the balance.
At time of publication we do not have a position in GSG.