Daily and weekly chart of the DBA Agriculture ETF

Weekly view of the PowerShares DB Multi-Sector Commodity Trust Agriculture fund :- Coming out of an oversold level
– Conquering the 200W MA
– MACD is turning positive
– Overall trend is still negative, but could happen

Daily view :
– Ascending triangle
– Clear resistance level at 29.4 and the 50d MA. Two levels to be broken in order to break the downtrend

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