Long-term Trades are trade or investment ideas that have the potential for significant returns over a longer-term period, typically several months or more. This category of trade ideas might be useful for the longer-term swing trader or investor looking for investment ideas to supplement their existing portfolio and prefers a less active, more hands-off approach to investing.
WEAT (Wheat ETP) offers an objective long entry here on the breakout above this bullish falling wedge pattern. Those preferring to take quick profits could target R1 which is the 7.00 resistance level where a reaction is likely. The current final target is T3 at 7.61 (set slightly below the 7.65-7.70 resistance zone) [...]