DBA trade ideas
Agriculture is Outperforming EverythingAgriculture 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
Buy DBA on pullback near $27.50, 1st target at $35.50.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.
$DBANeeds to recover above 34 EMA on this ratio - volatile days ahed would not suprise after almost 7 weeks.
False breakdown still relevant.
Coffe march 14 with 11.11% Base Weight could be very lucrative buy just this days already.
DBAImportant level here - "Do or Die" time. MACD divergence. Needs to clear resistance at around 25. Look also at weekly & monthly chart. grooveshark.com
