Nasdaq Dorsey Wright

With no changes to any of the Invesco models this week, we look at the Invesco DB Precious Metals Fund (DBP).

There are no changes to any of the Invesco models this week. While commodities have fallen to third in the DALI asset class rankings behind domestic and international equities, precious metals have been one of the most reliable areas of relative strength in 2025. Precious metals currently rank 11th out of all 134 groups in the Asset Class Group Scores system and with many areas of the US equity market now in heavily overbought territory, precious metals may be an attractive option for those with cash to put to work.

Those interested in adding precious metals exposure should consider the Invesco DB Precious Metals Fund (DBP) which has a favorable 4.45 fund score. On its default chart, DBP has completed three consecutive buy signals, most recently breaking a triple top at $77 last month marking a new all-time high for the fund. DBP has not moved much over the last month but as a result, it sits just off its all-time high, near the middle of its 10-week band with weekly overbought/oversold (OBOS) reading of 29% with support afforded at $72. Year-to-date (through 7/18) DBP has gained 26% on a price return basis; the fund also carries a 3.4% yield.

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DISCLOSURE

**Unless otherwise stated, the performance numbers herein are based on price returns and do not include dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. PowerShares has arranged with Dorsey, Wright to provide this specialized ETF Point & Figure Analysis page on PowerShares sponsored products. The Point & Figure analysis, models and resulting rankings, including any information, data or commentary included herein, are created and provided solely by Dorsey, Wright & Associates. Such analysis, models and rankings should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. Neither Dorsey, Wright nor PowerShares through this ETF page provide investment advice or recommendations regarding any security, fund or market. As the investment professional making the final decision with respect to allocations, including any related suitability, fiduciary or other legal obligation, please remember to adhere to all applicable laws, regulations, and rules including NASD Rules 2090 and 2111. The percentage of the portfolio devoted to any ETF is at the sole discretion of the financial advisor or the customer, and not Dorsey, Wright & Associates or PowerShares. If you are not familiar with the Point & Figure methodology, we suggest you read "Point & Figure Charting, 4th Edition" by Thomas J. Dorsey and visit the PnF University, www.dorseywright.com. If you are not familiar with the PowerShares products, or Exchange Traded Funds (ETFs), we suggest you visit www.powershares.com.