Agricultural commodities at All Time Lows. TA showing signs of bottom before a sharp reversal. Good place to rotate profits from other things that are at All Time Highs.
As the slope of the 200 day SMA is down it always its a bit of a fight to bust it. A break above the 200 day and if the slope can be bend up and could be a nice long term investment to hedge your rising food prices.
Rounded bottom, break and retest. This one looks set to test 14.80, 16.00 and even 16.60.
We're looking at 14 as our longtime resistance in this trade. If price does clear this resistance it could provide indication that agricultural products are going to move higher. Any type of supply shock here is a bullish indicator. I think it will take a few weeks for the market to react to the devastation that is being unleashed in China. We'll just see.
If you want to dabble in an agriculture stock and have challenges identifying the specific company to invest, an ETF maybe a good option to consider. Take for example, DBA where it holds a variety of different agricultural products so that you have exposure in all of them without buying into individual companies. DBA was at its peak at around 44 dollars in Feb...
AMEX:DBA I am not sure if this count is correct, but, it looks ominous for farmers. Who is going to produce food? Is this being manipulated by the FED to keep food inflation from exploding?
After 12 years of hibernation. Food shortage, Inflation, take your pick, but price action is showing signs of life.
An ending diagonal formation in several commodity charts would portend a rapid move higher for prices of commodities at a time when many producers are going offline.
I would expect to see it show up in the Ags. Nothing of substance yet on the big picture.
The last piece of the "Everything Rally" looks like it is about to break out in a big way.
Agro-commodities market update DBA Daily chart
Perhaps the start of a breakout from the abyss
A inverted Head and Shoulder is painting out right now. 18.50 once 17 is breached. The Fed's cant print food. Remember the Arab Spring?
We like the agriculture sector here with the one of the if not the largest flooding in history for the Midwest. The chart is extremely oversold on weekly and monthly time frame, the daily pattern has a lot of potential and the fundamental could be changing quickly with this flooding (more rain coming and melted snow from up north not arrived yet).
Little bit late so I'll just monitor this trade, winrate is quite awesome. total Ag hedgers positions are net long at historical levels - that caused 1-2month rally. I'll target for time/or % profit for the next 1-2months