Agriculturals Reaching Support

09/16/2008 12:00 am EST

, Professional Trader & Analyst

The agricultural ETF DBA has dropped from a July high of $42.65 and is now reaching support in the $29.50-$31 area. Momentum is still negative and shows no signs yet that the selling is over. Commodity analyst John Person recently discussed a seasonal low for the grains in October.

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