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When something is hated and oversold, it is time to buy it. There is not yet clear conformation for bullish trend, but it will be very interesting when two trendlines meet on weekly chart. Risk reward is on bulls side. And with ever increasing prices, it is only matter of time before actual food become more expensive.
Metrics: Probability of Profit: 38% Max Profit: $140/contract Max Loss: $60 contract Break Even: 18.60 Notes: With the underlying at all-time lows, going for a small directional shot. Going out to April to attempt to take advantage of potential seasonality. Fills look to be pesky, with the bid/ask on this setup at .55/.65 (mid .60) ... . I would also note...
DBA had a retrace after breaking out of this declining wedge. I am now watching price behaviour around this base area and setting some alerts ( 21.00USD ). If the macro assessment is correct we should see Agrobusiness follow the pro-inflation-fear environment, which means that precious metals, commodities and Agrobusiness should provide considerabel gains in to...
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...
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