PowerShares DB Agriculture Fund (DBA) : Time to retrace

DBA has a fantastic run up since breaking through the kumo resistance back in July.

As with all run ups, it will ultimately need to take a break before going higher.

In this case, the resistance can be found in the Weekly Chart at around $28 established back in June 2009

At this moment, I still can’t tell how far it will retrace. Though, a good entry on the Daily Chart will be around $27 near the kumo support level.

By iam802

Trend trading with Ichimoku