
Technical analysis of Invesco DB Commodity Index Tracking Fund (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
The Invesco DB Commodity Index Tracking Fund (DBC) is a fund that replicates a broad commodity index by investing in futures contracts on energy products, precious metals, and agricultural commodities. The portfolio includes futures on Light Sweet Crude Oil, Heating Oil, RBOB Gasoline, Natural Gas, Brent Crude, gold, silver, aluminum, zinc, copper, corn, wheat, soybeans, and sugar.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 20, 2026, computed on the last 12 months of prices.
21 sessions
32.91 $
+2.01%
50 sessions
32.16 $
+4.37%
200 sessions
28.80 $
+16.54%
s2
33.09
Support
s1
33.38
Support
pivot
33.61
Pivot
r1
33.90
Resistance
r2
34.13
Resistance
In the October 20, 2026 session Invesco DB Commodity Index Tracking Fund closed lower at 33.57 $, −0.33% versus the previous session.
The price sits above every moving average observed: +2.01% against the 21-session average, +4.37% against the 50 and +16.54% against the 200.
The 14-period RSI reads 61.6, in neutral territory.
MACD stands at 0.404 against a signal line at 0.373: the histogram is positive (+0.031).
ADX reads 24.1, indicating weak directionality.
Levels computed on the latest session place supports at 33.38 and 33.09 $ and resistances at 33.90 and 34.13 $, around a pivot of 33.61.
The average daily range (ATR) is 0.483 $, or 1.44% of price.
Turnover was 523K shares, 65% of the 20-session average.
Over the last twelve months the price ranged between 26.41 and 33.83 $, and today stands −0.77% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is Invesco DB Commodity Index Tracking Fund analysed technically?
Technical analysis of Invesco DB Commodity Index Tracking Fund is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Invesco DB Commodity Index Tracking Fund?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Invesco DB Commodity Index Tracking Fund?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Invesco DB Commodity Index Tracking Fund it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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