Title: Preparing for Winter: Accumulating Natural Gas and DBC ETFs in Anticipation of Rising Prices Comment: As colder months approach, I'm positioning myself strategically by accumulating Natural Gas, expecting a significant price surge driven by tight supply and potential demand spikes. Additionally, I'm reinforcing my portfolio with the DBC ETF, which covers...
The market started to rotate in early July to more conservative sectors and AMEX:DBA is showing that agricultural commodities have been outperforming stocks. The ratio SP:SPX / AMEX:DBA made a lower high starting August and then just days later broke a key support level. Then the AMEX:DBA broke above a downward trendline. Is this the start of new trend?...
Wheat 2 years after topping out at the PCZ of a Bearish Shark that initiated a downtrend in 2022, has now come back to the top side of the range wheat traded in between the years of 2016 and 2020 before ultimately confirming the bottom at the PCZ of a Bullish Deep Gartley in 2019 and breaking free to the upside of the trading range in late 2020. Now that wheat...
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...
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...
all in the video, I especially like the Wheat chart and MJ's for long positions.
$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!
Lean Hogs Technicals (August): It was a risk-off day in nearly every commodity yesterday, with the exception of lean hogs. Lean hog futures were able to rally up near the 50-day moving average which we’ve listed as first resistance. That finished yesterday’s session at 106.90. Just above that is trendline resistance from the March 31st high, that comes in near...
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...
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...
Brief for Agriculture: - Price inflation of commodities and tailwinds of seasonality will provide a bountiful harvest this year's end for agricultural commodities. Focus points: Coffee: Oats: Soybean: Soymeal: Cotton: Most interested in Coffee and Oats, as they are showing strong trends entering into the bullish season, but eagerly awaiting Soybean...
Idea for DBA: - Agriculture on an uptrend but testing a down TAIL resistance. - Rejected at resistance, re-testing. - Watching for the short if rejected again, or fakes breakout to the sliding parallel and fails to breakout. GLHF - DPT
This break out of the descending channel looks legit and probably see's higher prices. Looks like a basic basket of agricultural goods is going to become even more expensive. Pattern target -> $20.50 Fund Holdings subject to change FUTURES % OF NET ASSETS Corn 14.29 Soybeans 13.73 Coffee 13.60 Sugar 13.25 Wheat 11.31 Live Cattle 9.78 Lean...
If it breaks out, it could easily 2x from here?
PLAN - Open a short position at 1314-1328 and set a stop loss at 1407. - Set Take profit price at: 1. 1256.60 2. 1127 3. 1052 - High risk but higher reward, 1:4 INFO - "DOUBLE TOP" or M formation and "HEAD AND SHOULDERS" in play within a symmetrical triangle. Breaking down can bring us to 1050 or 956. - HIGH VOLATILITY EXPECTED WITH VOLUME TO PUSH PRICE...