Long DBA $DBA
Based on the current situation in the Agricultural sector we want to take advantage of this opportunity.
DBA gives us diversified exposure to Corn, Kc Wheat, Sugar, Soybeans, Cocoa and more
It recently filled a gap at 22.04. We see consolidation, then a breakout of it' s 2016 high at 23.01. From there we expect a move to the 25.69 the 1.272% Fib, Followed by our target of 29.10 the 1.618% FIB
Time frame 6-9 months
DBA gives us diversified exposure to Corn, Kc Wheat, Sugar, Soybeans, Cocoa and more
It recently filled a gap at 22.04. We see consolidation, then a breakout of it' s 2016 high at 23.01. From there we expect a move to the 25.69 the 1.272% Fib, Followed by our target of 29.10 the 1.618% FIB
Time frame 6-9 months
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