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.