I noticed very interesting chart of DBA – agricultural commodity ETF. I mentioned this ETF also in my regular free newsletter.

As you can see it offer two important levels to watch. One is downtrend line resistance level. Second is horizontal support level. Both level are close and are going closer.I think that we can see breakout to new uptrend or breakdown to new downtrend very soon.

I am prepared to trade it either way.

This entry was posted on Monday, May 12th, 2008 at 7:32 am and is filed under ETF analysis, ETF trade setup. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.