Tag Archives: agriculture

Agricultural Commodities Make Some Noise

Agricultural Commodities (GKX) have broken one trend line and now threaten another.  This after sporting positive divergence by MACD on the weekly chart.  A rise and hold by GKX above the resistance line could put the general agri sector in business.  To this point Coffee and Sugar appear to have been doing the heavy lifting.


Agriculture ETF Bottom?

Long time readers know I tend to be a bottom feeder.  Witness the AAPL thing recently and several others that have fallen out of bed to support levels.

As for longer term bottoms, they have not been worth buying until recently when the precious metals put one in that looks to have good potential.  This one in Agriculture ETF DBA looks like it has potential as well with a break up by MACD and RSI after months of bullish divergence.


It needs to turn the 25+ area into support.

Agriculture ETF DBA

I’d have preferred to see DBA get down to support around the 62% Fib, but I wonder if the 50% retrace and the SMA 200 are going to prove supportive?