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Agriculture Stock Near the 1:2 Gann Angle

August 13th, 2008 at 9:15 am by AndyAskey

The Powershares DB Multi-Sector Commodity Trust Agriculture Fund (DBA) is nearing the 1:2 ascending Gann angle at the 50% price retrace. The Ag stocks have been under pressure for several weeks and are setup to bounce from here.

DBA Range Square
Chart courtesy of Stockcharts.com

Price has made an a-b-c correction after a big move.

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