Above are the weekly charts for grains (top chart) and softs (bottom chart). Both show clear downward trends for most of the past three years. However, starting in late January, both started to rally strongly, breaking downside resistance. The grains have moved through the 200 week EMA as have the softs, although the latter are consolidating recent gains.
The MACD indicates both of these ETFs have plenty of room to run this spring.
