Commodity Stock Markets Strong
08/14/2009 9:40 am EST
The Australia and Canada ETFs are both up sharply from the March lows, with Australia leading. EWA broke through its upper trading channel in late July with next resistance at $22.50-$23. EWC's upper channel is now at 26.50, well below current levels, but the chart continues to look strong, showing short-term support at $23.