Monthly Agriculture Fund poor Jimmy Rogers sitting through all this pain... maybe he will be proven right soon though
Recent declines in the dollar have previously lead to large rallies in DBA. As of yet the current decline in the dollar has not done much for DBA, however I anticipate this to change soon if the dollar continues the current pull back through the summer. A retest of the ~88-89 level on DXY may be coming and if so, DBA may break out of the current down trend which...
DBA Agriculture ETF On 3/3/14 it broke out from the 25/2/2008 downtrend line channel (blue). On the recent correction, it rejected nicely the 20 sma, above the line(circle). The recent rise, may be attributed to a somewhat rising inflation expectations since Jan14', and a general bear market commodities rally ( also late cyclical sector ), which could be...
Very unusual, to see TLT and DBA going up together.
Agriculture is outperforming everything: US debt, emerging markets equity and debt, US equities, FTSE, gold, oil, copper, bitcoin....pretty much everything. I'm not buying because I've got other opportunities I'm focused on, but I think this trend still has legs. www.informedtrades.com
The DBA seems to have started it's bullish long term up wave 5/. Buy on pullback near the former line linking the tops since 2008 and corrective wave 2 target of 38.2% retracement of wave 1, near 27.50. Target of wave 3 at 35.50 with stop at around 25.45/24.95.