Bought 200 shs of PowerShare DB Base Metal: DBB @ 18.15
September 16, 2009 · Posted in US Equities
after it failed to break the above $19 back in Aug and Sept, it recently pulled back to near its 20 days EMA level.
the daily chart is not that impressive but the weekly chart shows that it is consolidating. Its 10 week moving average is still supporting an uptrend.
DBB’s performance is not really correlated to the overall market so I am not concerning about the possibility of the general market reaching overbought levels.
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