Base Metals Fund Gearing Up for Major Breakout

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PowerShares DB Base Metals Fund (NYSE: DBB ) - This exchange-traded fund (ETF) seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Liquid Commodity Index - Optimum Yield Industrial Metals Excess Return. The index is composed of futures contracts on some of the most liquid and widely used base metals - aluminum, zinc and copper.

DBB may be in the process of executing a series of breakaway gaps. If buyers follow through, we could even see a major break from its long-term trend. The upside target could be as high as the mid-$30.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: DBB , ETF

Sam Collins

Sam Collins

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