Hello traders
Take a look at monthly chart of DBA. Downside momentum is exhausted and I expect some moves to upside now. Still a bearish chart. But no momentum in macd now. Weekly chart is constructive and getting better. I am looking for plays in grains such as corn and wheat to the upside. Will see how it plays out. Stocks and commodities ratio is interesting as well. Change in trend???
Just wanted to share some thoughts in case some of you want to play it.
Take a look at monthly chart of DBA. Downside momentum is exhausted and I expect some moves to upside now. Still a bearish chart. But no momentum in macd now. Weekly chart is constructive and getting better. I am looking for plays in grains such as corn and wheat to the upside. Will see how it plays out. Stocks and commodities ratio is interesting as well. Change in trend???
Just wanted to share some thoughts in case some of you want to play it.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.