Invesco DB Base Metals Fund [DBB] Stock Forecast

Industrial metals have regained substantial momentum over the last three months, and it will be important to keep track of this in the coming weeks. This momentum is likely to have limited upside potential as cyclical and super-cyclical factors reassert themselves in the short to medium term.

Base metals may show resilience in 2023, despite a declining macroeconomic outlook. My technical analysis framework based on Trend Flow, Support/Resistance Location and False Breakout Traps suggests that the Invesco DB Base Metals ETF is in balance, but may be gearing up for outperformance.

Copper has suffered in 2022 like a majority of assets, but a brighter outlook in 2023 could see higher prices for the industrial metal. An additional catalyst could be the reopening of China's economy.

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In March, we argued that commodities are likely to turn down as a commodity shock gives way to a growth shock. Deflationary forces are now making themselves felt not only in cyclical leaders like precious metals, but in every single industrial metal.

‘EVMT' isn't the first EV fund, but it's the first to track the commodities underlying the cars.

Here is what you need to know about investing in commodities.

The war in Ukraine has disrupted the production and shipment of multiple commodities, including oil, wheat, and nickel. As a result, commodities are looking to enjoy their best quarter in more than three decades.

Evaluating the performance of these ETPs since Russia invaded Ukraine a little over a month ago, I found some rather lackluster numbers.

Invesco DB Base Metals Fund is a US stock and trading under the symbol DBB

Invesco DB Base Metals Fund stock price is $18.15 today.

Yes, Invesco DB Base Metals Fund is a publicly traded company.