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Invesco DB Agriculture FundInvesco DB Agriculture FundInvesco DB Agriculture Fund

Invesco DB Agriculture Fund

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DBA trade ideas

DBA riding the trend upThis ETF has been my favourite since 2020. With the scarcity in supply from agriculture segment and the incoming waves of inflation, this could be one good bet for agriculture sector. It's looking like a small cup and handle with the neckline at 19.19, it's looking pretty good if there's good volume to push for breakout. Let's see how the US Market goes for next week. DBA has been riding on a good uptrend since June last year and looks very likely to continue further.
AMEX:DBALong
by I0NMAN
Multiyear uptrend in DBA forming*This is for those that are interested in boring long-term trades.* We might be setting up for a multi year bull run on agricultural commodities. In 2020, soybeans, corn and wheat saw massive gains. This rally might continu in 2021. First of all a short article on the correlation between the USD and commodities: brownfieldagnews.com DBA is the ETF that tracks agricultural commodities like I mentioned above. Looking at the weekly chart we have a massive downtrend starting from 2011 that looks to have come to an end now that we've broken the downtrendline. Zooming in a little bit more on the recent price action we can see a bullish divergence indicating we have started the Wave 1 of this uptrend. So a correction in the near future (Wave 2) could be used as an opportunity to scale in. Wave 2 is typically 50% to 61.8% of wave 1. These levels line up nice with recent support levels. Further downside movement (to 14) increases the risk of more downside. To confirm the uptrend, DBA ideally should rally and close above +/- 17, either by continu to rally, or after a decent retracement.
AMEX:DBA
by moreblue
2
Corn, Soya , Coca and Sugar in a platterIf you want to dabble in an agriculture stock and have challenges identifying the specific company to invest, an ETF maybe a good option to consider. Take for example, DBA where it holds a variety of different agricultural products so that you have exposure in all of them without buying into individual companies. DBA was at its peak at around 44 dollars in Feb 2008 and for the next 12 years, it has been heading south. We are now near to the bottom , support at 13.15 and if the price breaks out of the bearish trend line , around 13.59 to 14.00, I would consider taking a long position. The Covid-19 has caused much havoc into the global supply chain and food security in every countries is one issue that keep the politicians and government officials awake at night. The producers , more than before will have an advantage in the prices and adverse climate condition that affects the crop yields will only exacerbate the demand and supply issue. NOTE : Please do your own due diligence in choosing the right agriculture ETF as there are many in the link. Some investors go for reputation of issuer, others like dividends and some look at past performances. Everyone is different , so choose one that fits your portfolio.
AMEX:DBALong
by dchua1969