The DBA Agriculture Fund is an ETF that has futures exposure to various different commodities including: Wheat, Corn, Sugar, Live Cattle, Lean Hogs, Cotton, Soybeans, Coffee, and others. As of right now the fund has recently pulled back due to a Bearish Test of the Bearish Bat PCZ but during this time it has formed what looks to be a Cup with Handle and has...
Agriculture soared 75% from the bottom in 2020. At the time no one was praising the low food prices. (Funny how that is.) Prices have not been particularly relative to historical levels. However, the rate of change (Speed) of the rise in agricultural commodities was rapid. This caused people to take notice and freak out as a result. Understandable in an overall...
Anytime we see a rapid change in food price inflation we end up with global instability and war.
This is not the first time I have pointed this out on tradingview.
In 2011 we had the Arab Spring. In 2022 we have the spread of Russian terrorism, in Syria, Ukraine, all over Africa, Azerbaijan/Armenia, Kosovo/Serbia, and now Israel.
Back in March 2021 when no...
DBA noted to be on the verge of a break out.
Very quickly, here is why:
1. Weekly Candlestick pattern appears more bullish . Subtle buy signal there.
2. MACD rising and just about crossing up and the VolDiv already crossed over.
3. TD Seq is actually still in Bullish trend
4. Daily Candlesticks show a potential rebound, but it needs to break above the TDST...
Noted in my screener that the Invesco DB Agriculture Fund DBA was outstanding for the week.
A 2.3% climb for the week came after a quick 15% decline early in the year, and entrapment in a consolidation range (yellow box) between 19.50 and 20.80. The lower end of the range represents a strong support having been tested thrice this year. Meanwhile, the weekly MACD...
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...
Deutsche Bank Agri ETF has broken down from this rising wedge and now firmly stuck between the anchored vwaps from the recent swing highs and lows which are acting as both resistance and support. This wedge pattern is generally a continuation pattern in the direction of the preceding trend so i would expect this to work its way down to the anchored vwap support...
$DBA - We are at key area (PAY ATTENTION)
What is this index?
Agricultural commodities ETF - Includes: Wheat, Corn, Soybeans, Coffee and much more.
Is food inflation over or this a minor dip?
Keep an eye!
Decided to start looking at the Agriculture ETF, DBA.
Had been viewing it for years now since 2009, but it was in a long downtrend that never seemed to end, until it did in mid 2020.
With a fierce initial upside, and a stall in the previous months, it appears that there might be some retracement to about 18-20 levels, before a real launch.
Much is said about...
Based on the current situation in the Agricultural sector we want to take advantage of this opportunity.
DBA gives us diversified exposure to Corn, Kc Wheat, Sugar, Soybeans, Cocoa and more
It recently filled a gap at 22.04. We see consolidation, then a breakout of it' s 2016 high at 23.01. From there we expect a move to the 25.69 the 1.272% Fib, Followed by...
As inflation is being uncontrollable, we know that inflation is a big concern at moment, The fed on his statement looks more hawkish than ever. because they know inflation can't be solved in the near term. The incoming of food shortages due to Russian sanctions and most assets are highly overvalued like stock, housing, crypto, and commodities. It seems the stock...
Back in Dec 2019, I had posted a warning about food inflation just prior to Covid.
Nov 2021 I once again warned about food inflation as it broke a major 11-year channel
While overall agriculture prices are not as high as they were back in 2011, (at least not yet) the
rate of change is just as important. While most of us may sport bitch a bit about food prices...
LT Conviction: 5/5
ST Conviction: 2/5
Breakout confirmed for long-term upward movement. Risky short-term.
Explain:
Lots of agriculture requires fossil fuel as inputs (fertilizer), and with structural underinvestment in fossil fuel extraction, prices should remain elevated for the next few years.
This higher prices should trickle down into agriculture...
DBA Agriculture fund weekly chart possible bullish textbook BRB - Breakout Retest Bounce - implying a move higher in the next few weeks.
Large open interest in JAN calls, I added to my 19c position today after seeing buyers present Monday and also a nice wick last week despite a lot of equities down big.
JAN19c - 17K OI
JAN20c - 12K OI
$DBA Agriculture fund looks bullish on weekly (macd cross) and monthly time frame.
Looking at the monthly chart we can see a break above $20.75 zone implies a move through the VP gap to $23.8 zone resistance.
MACD showing good momo and EMA's bullish cross implies continuation to the upside.
Open Interest is very heavy on the call side, and on 11/17 a whale...
