Thursday, August 14, 2014

PowerShares DB Agriculture ETF (DBA)

Agricultural ETF clearly oversold !
The key level to focus on is probably its key support level
2 trading strategies come in mind here ; that huge move up is either a huge wide ABC pattern, or we just faced the biggest fake move ...
Gut feeling speaking here, money will come out of global indexes and park itself "somewhere"
Bullish on that sector, but also buying insurance with put options

No comments: