Don't Ignore This Chart!

Cocoa Bucks the Selling Pressure in Agriculture ETFs


The PerfChart below shows the Multi-sector Agriculture ETF (DBA) along with six other agriculturally based ETFs. Five of the six got slammed over the past month with the Corn Trust ETF (CORN) and Soybean Fund (SOYB) posting double digit losses. The Cocoa Fund (NIB) is the lone winner with a .79% gain. 

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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