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brandonmattis

DBA - Invesco Agriculture Fund

Long
Invesco DB Agriculture Fund (AMEX:DBA)  
brandonmattis  
AMEX:DBA   Invesco DB Agriculture Fund
Trend Analysis Fundamental Analysis commodity supercycle FOOD agriculture Gold recession inflationhedge etfs invesco
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trendanalysis fundamental commodity supercycle food agriculture gold recession inflationhedge etfs invesco
Commodities are currently repricing lower due to the looming global slowdown. Meaning, there is more potential downside for commodities

However,

There are more significant tailwinds that will push commodity prices higher in the longer term.

DBA ETF broke out of yearly downtrend in 2020 indicating that higher food prices are in the global outlook for the upcoming years.

A pullback is probably overdue but after prices stabilize, we can see the DBA ETF push significantly higher. The first stop is fair value (red line).
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