$DBB long off support RR = 1:5DBB weekly .
Confluence of:
AVWAP support from multiple historic lows.
Recent double bottom (TBD)
Support going back to 2008. Tested multiple times (inc 2010 and 2022's October lows)
Volume Profile LVN consistent with the 2008 support.
My trade:
SL: the support zone.
TP: The VAH ~ ar
Key stats
About Invesco DB Base Metals 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.
DBB reflects the performance of industrial-metals commodity futures. As a commodity pool, it holds a basket of futures directly, but also distributes a complicated K-1 tax form at year-end. DBB holds just three equally weighted metals – aluminum, copper and zinc. That sets it apart from its production-weighted benchmark, which also includes nickel and lead, and DBB's equal weighting strategy gives zinc a sizeable bump at the expense of copper. DBB optimizes its contract selection to minimize the effects of contango, though that could also make it less sensitive to spot prices compared to a front-month strategy. The fund and the index are rebalanced and reconstituted annually in November.
Classification
What's in the fund
Exposure type
Government
Mutual fund
Cash
Bonds, Cash & Other100.00%
Government45.01%
Mutual fund32.58%
Cash22.42%
Top 10 holdings
DBB - Inflation be thy nameLot of "China is falling apart news" sell your metals recently such as:
www.kitco.com
IMO that story isn't going to age well at least in the near term... market buying the bad news. Recent new high on DBB. Copper looking bullish again too. Turns out the world still needs a lot of metal.
Based upo
Commodities giving a heads up??I do track the DBB and DBC on the side, and particularly over the weekly charts. Something I want to highlight is that the charts are beginning to signal something ominous, as the equiy markets are defying gravity.
The DBB (Base Metals ETF) and DBC (Commodity Index Tracking ETF) both need to be bul
DBB - Bullish base metals?A possible count for base metals? Probably too early call it off one bullish weekly candle but I will be keeping a close eye on this chart. I have included 2 counts for the correction beginning January 2018 but I'm not particularly confident in either.....in the red count the C wave is too long and
Base Metals: Long term sell opportunity.The Base Metals market is reproducing a pattern that led to its 11.00 Multi Year Monthly Support in 2016. The formation starts with an aggressive channeled rise from the Support, continues with a Head and Shoulders and ends with a structured decline towards the 11.00 Support again.
We appear to be
See all ideas
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.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
DBB trades at 18.51 USD today, its price has fallen −0.70% in the past 24 hours. Track more dynamics on DBB price chart.
DBB net asset value is 18.58 today — it's risen 2.09% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
DBB assets under management is 107.13 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
DBB price has risen by 1.59% over the last month, and its yearly performance shows a −14.11% decrease. See more dynamics on DBB price chart.
NAV returns, another gauge of an ETF dynamics, showed a −2.90% decrease in three-month performance and has decreased by −7.94% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −2.90% decrease in three-month performance and has decreased by −7.94% in a year.
DBB fund flows account for −67.16 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
DBB invests in bonds. See more details in our Analysis section.
DBB expense ratio is 0.77%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, DBB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, DBB technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DBB shows the sell signal. See more of DBB technicals for a more comprehensive analysis.
Today, DBB technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DBB shows the sell signal. See more of DBB technicals for a more comprehensive analysis.
Yes, DBB pays dividends to its holders with the dividend yield of 0.00%.
DBB trades at a premium (0.12%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
DBB shares are issued by Invesco Ltd.
DBB follows the DBIQ Optimum Yield Industrial Metals Index TR (Collection). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 5, 2007.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.