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DBA - Invesco Agriculture Fund
Invesco DB Agriculture Fund
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DBA - Invesco Agriculture Fund
Oleh brandonmattis
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17 Okt 2022
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17 Okt 2022
Commodities are currently repricing lower due to the looming global slowdown. Meaning, there is more potential downside for commodities
However,
There are more significant tailwinds that will push commodity prices higher in the longer term.
DBA ETF broke out of yearly downtrend in 2020 indicating that higher food prices are in the global outlook for the upcoming years.
A pullback is probably overdue but after prices stabilize, we can see the DBA ETF push significantly higher. The first stop is fair value (red line).
agriculture
commodity
etfs
FOOD
Fundamental Analysis
Gold
inflationhedge
invesco
recession
supercycle
Trend Analysis
brandonmattis
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