DB Energy ETF Advances as Anticipated
by Mike Paulenoff
June 13, 2014 • 12:00 AM EDT
On Wed Jun 11, Mike added the PowerShares DB Energy Fund ETF (DBE) as a short-term trade alert. He noted that the ETF holds futures contracts in Brent, WTI, Heating Oil, Gasoline and Nat Gas, and provides a vehicle for participation in an explosive advance in energy in the event of a supply disruption abroad and at home.
In other words, the trade combined Mike's macro analysis of oil prices and geopolitical event risk with his strategic technical work.
The DBE was trading at 29.94 at the time, and on Thursday closed at 30.76, with Mike's target range at 33-36.
Traders should be aware that the DBE trades an average of 78,000 shares on a three month basis, but lately its volume has declined considerably, some days below 7,000 shares.
If oil prices emerge from their longer- term coil patterns, the volume on vehicles like DBE should increase dramatically, but for now, be aware that trading is very thin.
See chart from Wednesday below.
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on
ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international
markets, plus key ETF component stocks in sectors like technology, mining, and banking.
Sign up for a Free 7-day Trial!
Thirty minutes after the opening bell on November 24, 2025, I posted the following heads-up to MPTrader members about the technical setup in META:META has the right technical look of a significant U-Turn to the upside after completing a 27% August-November correction from 796.25 (8/15/25) to 580.32 (11/21/25)... To gain more powerful upside traction, META needs to climb and sustain above nearest-term resistance at 614.70 to 616.50, which if (when) taken out, will open a higher price pathway to the 670 area to challenge the down-sloping 200 DMA... Last is 609.27...
Last Friday morning, to calm frazzled nerves amid a 1% pre-market plunge that was threatening to complete a 100% give back of the prior week's 3.
Late on Friday, fellow MPTrader member MarkinQueens exclaimed: Mike's XOM (Exxon Mobil) chart from August is working! Last $117.26!Back on August 25th, this is what we discussed about Crude Oil and XOM:Just in case anyone is wondering what the chart of nearby Crude Oil is looking like as we approach the "official" end of summer.
On August 12, 2025, this was my response to an inquiry from an MPTrader member about intense weakness impacting SMR (NuScale Power Corp):SMR (NuScale Power)-- Fellow member Irv66 asked for an update on this modular nuclear reactor manufacturer that blasted-off from 11.08 in early April to 53.50 at the end of July (+382%), but has since been in the grasp of a major correction from 53.50 to 38.33 (-28.6%). My pattern work argues that SMR is nearing key support from 37.50 down to 33.
ARKK (ARK Innovation Fund, ETF)-- Back on August 20, 2025, this is what we discussed about ARKK:Fellow member Pawel has requested an update on Cathie Wood's fund, which in June thrust up and out of a 3-1/2 year base-accumulation period and pattern above 68.40/50 that subsequently climbed to my initial target in the vicinity of 80 (see my attached Daily Chart). Since the 7/21/25 high at 79.
