DBA Not ready for a move

2hr chart

Linrom1, when one publishes an analysis it is often good to have a point where if the price moves contrary to expectations you throw in the towel on the bearish view. Do you have such a price for DBA?

Linrom1, when one publishes an analysis it is often good to have a point where if the price moves contrary to expectations you throw in the towel on the bearish view. Do you have such a price for DBA?

It first has to break out of this corrective triangle and then run up to 15 to break out above its LT trend line. I am on sidelines waiting for it bottom.

DBA, there is no evidence that low has been made. The issue was rejected now twice at its 900MA. In the whole universe of stocks and commodities, this one is set to make new all time lows? Hard to believe it, but there it is.

Perhaps, US will abandon farming like it did manufacturing? There is too much supply on global scale, and foreign farmers can grow things cheaper?

So why bother looking at it at all? Its the only asset class that hasn't  been ramped up!

Edited by linrom1, 24 July 2020 - 01:03 PM.

Rather tepid move so far despite bullish background.

linrom, take a look at CRB since 1979 and run a count.

Then overlay CRB and DBA.   QED.

Mirror image, however, DBC has cleaner trend line.

It looks to me that this ready for a correction?