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Our existing long position in the PowerShares DB Agriculture Fund (DBA) looks to be finding support once again at the 20-day exponential moving average. After Wednesday’s shakeout below the 20-day EMA, DBA closed back above the moving average yesterday. A move above the three-day high could produce enough momentum to break the short-term downtrend line (around 26.25) drawn on the daily chart below. Those who missed our initial entry and wish to get long could still do so with a slightly higher entry point above the three-day high at 26.00.

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