DBA – a target finally hit …

long term BUY targets being hit on the commodity ETF DBA

the first target zone we have been watching for a LONG time was hit on the DBA ETF last week. note, we also have other targets in the 12.70′ ish area but, as far as long term targets being hit – DBA has hit them. a low risk BUY in today’s climate.

note, when looking at the composition of the DBA ETF, discovered that the largest holding at 14% is CLTL or an inverse bond fund. Interesting … other than that we have the typical coffee, soybean, corn, sugar, cocoa, wheat, cattle and hogs … not that much volume but if your not a futures player then this is an opportunity to get a broad basket of commodities in your portfolio.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

Leave a Reply