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NEW YORK (TheStreet) -- Shares of the Agriculture ETF (DBA)  are sliding 0.18% to $22.14 in early-afternoon trading on Wednesday.

The PowerShares DB Agriculture Fund tracks changes in the level of the DBIQ Diversified Agriculture Index Excess Return as well as the interest income from the Fund's holdings of mostly U.S. Treasury securities and money market income less the Fund's expenses.

TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified Agriculture ETF as the "Chart of the Day." Here is what Versace and Lang had to say about the company:

The PowerShares DB Agriculture ETF (DBA:NYSE) tracks a proxy of actual soft and hard commodities and not the stocks that represent them. In this fund, we'll find weightings of cattle, corn, beans, meal, sugar, coffee, wheat and other grains that are a nice representation of goods.

Trading in the individual names can be tricky and require some experience and expertise. However, an aggregate such as the DBA gives us a bigger picture view of trends and price action for the group as a whole.

We see how this ETF has made higher lows on its way up from the February 2016 bottom. No surprise, these commodities were helped by stimulating monetary policies around the globe and a drop in the dollar currency basket.

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Crossing the 200-day moving average was a big hurdle in April, and now that moving average has turned up.

The moving average convergence divergence (MACD) is currently on a buy signal, and though relative strength has been impressive, we see this ready for some sideways action here.

That is fine, and turnover has been lower coming off the pennant. After a brief stall and holding the recent lows, we should see DBA start moving higher again, perhaps toward the $30 level later on this year. Log in and watch this video for more.

-Chris Versace and Bob Lang " Chart of the Week: Agriculture ETF" originally published on 6/22/2016 on Trifecta Stocks.

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