economy
March 9, 2026
Commodities Are Having a Standout 2026, and This ETF Has Momentum on Its Side
The charts are looking favorable for this commodities ETF, even as the stock market struggles.
TL;DR
- Commodities are a strong area of investment, especially with U.S. equities in a corrective phase.
- Agricultural commodities, specifically the Invesco DB Agriculture Fund (DBA), show positive long-term momentum.
- DBA has experienced a breakout from a one-year triangle pattern, signaling a resumption of its secular uptrend.
- The breakout suggests upside potential, with a measured move projection near $29.30.
- Short-term momentum indicators for DBA are positive, supporting near-term upside.
- The ratio of DBA to the SPX has reversed a downtrend, indicating a shift in relative momentum favoring agricultural commodities.
- DBA is expected to benefit from a rotation into alternative assets.
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