Loading ...Agriculture
This is the chart for the DBA agricultural fund. While it is possible that another low could occur around 16-17 as per the H&S formation, I think agriculture is a good long term play.
I don’t want to sound alarmist but there are long term weather forecasts predicting likely crop failures over the next few years. The video below was made by an agricultural trader who has studied climate change for years.
US Wheat currently at a 6 1/2 year low. No inflation there. Michael Belkin seems to like the ags.
Big MACD divergence on the WEAT weekly chart. It may be too early now but keep an eye on it
Will do.