Agriculture Index (DBA) Relative To Commodity Index (DBC) Into The End
Mike Macdonald | Dec 16, 2014 01:21AM ET
There is still no change in the underlying trend, with the Agriculture Index extending sharply higher relative to the broader Commodities Index. Prices have cleared the highs from April 2009, and with the RSI also trending higher, further strength is seen into the beginning to 2015. However, with overbought areas now reached, some caution should be exercised as risks of stabilisation increase into 2015Q1.
Investors can maintain an overweight stance to Agriculture.
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