DBA Agriculture ETF, weekly
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 extended into late summer/2nd half.( AUD,EEM )
It tagged the projection line ( black ) channel,
momentum has based-corrected, and has potential for
another rally, while has still room for further consolidation
on current levels, in the short term, as well.
Targets : 29.39, 30.87, 34.21 (11' high)
Support 27.42, 27.00
Stop 26.60
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 extended into late summer/2nd half.( AUD,EEM )
It tagged the projection line ( black ) channel,
momentum has based-corrected, and has potential for
another rally, while has still room for further consolidation
on current levels, in the short term, as well.
Targets : 29.39, 30.87, 34.21 (11' high)
Support 27.42, 27.00
Stop 26.60
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.