Agriculturals Reaching Support

09/16/2008 12:00 am EST


Thomas Aspray

, 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.
  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on COMMODITIES

Keyword Image
Top Picks 2019: B2GOLD (BTG)
01/17/2019 5:00 am EST

Gold bottomed in December 2015 and momentum has been shifting to the upside since then, with gold&rs...

Keyword Image
Top Picks 2019: Mene (MENE)
01/15/2019 5:00 am EST

You might not yet have heard the name Mene (Vancouver: MENE), but you could soon enough, especially ...