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Monday, March 10, 2008

Oil & Ag

As the well-loved PowerShares DB Agriculture Fund ETF (DBA) pulls back, I see that the United States Oil Fund ETF (USO) is trading at another new high. As you can see from this comparison chart, traditionally the USO (in green) has outperformed the DBA (in orange):

Oil & Ag

So, if you're rooting for the DBA to rally to new highs, you should also root for oil prices to keep climbing higher while the DBA consolidates its overbought condition.

Posted by Kirk at 11:44 AM | Bookmark | Feeds | Link |


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