DBA and the sentiment cycleDBA agricultural commodities ETF and the sentiment cycle. Potentially at the aversion stage.
Key stats
About Invesco DB Agriculture Fund
Home page
Inception date
Jan 5, 2007
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
DBA's broadens its holdings to include livestock in its universe in exchange for under-weighting heavily produced commodities like corn and wheat, and chooses the contracts it holds based on the shape of the futures curve (in order to dampen contango effects). Specifically, the underlying index includes corn, soybeans, wheat, Kansas City wheat, sugar, cocoa, coffee, cotton, live cattle, feeder cattle, and lean hogs. Investors will therefore get less sensitivity to short-term spot movements, as well as exposure to different risk factors. The fund's structure as a commodities pool means that holders will receive a K-1. The fund and the underlying index undergoes annual rebalance and reconstitution each November.
Classification
What's in the fund
Exposure type
Mutual fund
Government
ETF
Bonds, Cash & Other100.00%
Mutual fund44.02%
Government37.82%
ETF18.16%
Cash−0.00%
Top 10 holdings
DBA - Another Favorite Inflation TradeIf there are any doubts about the fact that inflation greatly increased during the Biden presidency, this chart is revealing. agricultural commodities were in a long term decline until the Covid pandemic marked the low. Since late 2020, grains have been on a tear, more than doubling, based on the
Agricultural commodities outperforming After a +20% gain in the first quarter of the year, AMEX:DBA formed a 30-week base respecting the 2022 highs
Price resolver higher confirming the continuation of the uptrend making 52-week highs
This week has been very bad for the equity indexes, but AMEX:DBA is making 3 month highs relative
Inflation ratios for spotting fed rate trend part 2Inflation ratios for spotting fed rate trend part 2
The DBA Has Surged. It was a great Tell The CPI WOuld Run HotThe agriculture ETF, the DBA, has surged this year. It was a GREAT tell that the CPI report would run hot.
DBA: Bullish Abandoned Baby on Agriculture Futures ETFThe DBA Agriculture Fund is an ETF that has futures exposure to various different commodities including: Wheat, Corn, Sugar, Live Cattle, Lean Hogs, Cotton, Soybeans, Coffee, and others. As of right now the fund has recently pulled back due to a Bearish Test of the Bearish Bat PCZ but during this ti
DBA Coiling to Break Out ?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 sh
Watch Agriculture... DBANoted 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 suppo
DBA - Invesco Agriculture Fund Commodities are currently repricing lower due to the looming global slowdown. Meaning, there is more potential downside for commodities
However,
There are more significant tailwinds that will push commodity prices higher in the longer term.
DBA ETF broke out of yearly downtrend in 2020 indicati
#DBA Agriculture ETF breaking below rising wedgeDeutsche 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 woul
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.