Whether or not I have outstanding positions, I'm always looking to identify new setups and opportunities. One such opportunity came up during my research that merited a closer look. This weekly chart of DBA is the Powershares Fund for Agricultural products. Since ETf's began taking a larger role in the equity markets, many traders who didn't feel comfortable trading straight commodity futures now have a place to go without excess leverage or exposure.
This Type I Buy is lacking in a good Regression Trend Channel, however, with a displaced moving average, the proposed entry price still offers good reward to risk. I'll be keeping an eye on this over the upcoming weeks for a potential trade setup.
Trade Smart....
~Duane Gott
Nice article, thanks for the information.
Posted by: sewa mobil | August 12, 2011 at 01:43 AM