Commodity Stock Markets Strong

08/14/2009 9:40 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart
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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.

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