Saturday, September 11, 2021

Base Metals: Invesco DB Base Metals Fund (DBB)

The Base Metals ETF (DBB) is in a powerful long term rally. It Broke out on Friday, to a new 52 week high.

ETF Portfolio:
Futures        % of Net Assets
Aluminum    42.40
Copper        40.34
Zinc             29.91

Relative Strength Moving Average (RSMA) compared to The S&P 500 Index:

RSMA     % diff
10 Day     4.2
21 Day     5.0
50 Day     4.4
200 Day   2.1

Relative Strength Moving Average (RSMA) compared to 30% annualized rate of growth:

RSMA     % diff
10 Day     3.0
21 Day     3.9
50 Day     3.2
200 Day   1.5

Stock chart of The Base Metals ETF (DBB) relative to The S&P 500 Index (SPX), 200 day RSMA:


Base Metals ETF (DBB)

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