DBO Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of the PowerShares DB Oil Fund ETF (DBO) crossed below their 200 day moving average of $8.39, changing hands as low as $8.30 per share. PowerShares DB Oil Fund shares are currently trading off about 2.7% on the day. The chart below shows the one year performance of DBO shares, versus its 200 day moving average:

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PowerShares DB Oil Fund 200 Day Moving Average Chart

Looking at the chart above, DBO's low point in its 52 week range is $6.55 per share, with $12.05 as the 52 week high point — that compares with a last trade of $8.37.

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