Marek Mackanic @MarekMackanic: "$DJP is a broad..."

Slovakia

$DJP (iPath Bloomberg Commodity Index Total Return ETN) is a broad commodity index ETN that includes precious $SILVER $GOLD and industrial metals, energy products such as $OIL and gas, and major agricultural commodities. Our portfolio is primarily composed of companies linked to precious and industrial metals, along with oil and gas producers. DJP is now breaking above the previous high set in early 2022, with the recent strength driven mainly by precious metals and copper $COPPER.FUT Turning to the technicals, the chart suggests a long‑term downtrend reversal. A cup‑and‑handle pattern has formed at the base, which is considered one of the strongest bullish formations. The measured move from this pattern points to a potential gain of 50% or possibly more. With the broader narrative of a developing commodity super‑cycle, the upside could extend further. Note that this is my personal view and it is not guaranteed.

Not investment advice. The author may have financial interests in the mentioned instruments.