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    January 2017
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    The Gold & Commodities category is a sub-section of Market Analysis that includes charts and commentary associated with precious & industrial metals such as gold, silver, and copper as well as various hard & soft commodities such as oil, gas, wheat, corn, etc…

    GLD & GDX Pullback Targets & Support Levels

    As predicted in Tuesday's video, the 115.70 formidable resistance level coupled with an over-extended run proved to the stopping point for the rally in GLD. My expectation is for a pullback to any of these 3 support levels (113.95, 113.15 or 112.15) before a resumption of the uptrend. The first chart is a screenshot taken [...]

    Jan 19, 2017 10:57am|Categories: Gold & Commodities|Tags: , , |1 Comment

    IPI Back-Testing Support, Objective Long Entry

    Another inquiry from member @nj1957 in the trading room was a request for an update on IPI (Intrepid Potash Inc). IPI is back-testing the former T1 level (actual support at 1.80), which is now support. This provides an objective long entry with a stop placed somewhat (5-10%) below. IPI is unofficial trade at this time [...]

    Jan 18, 2017 11:37am|Categories: Gold & Commodities, Unofficial Long Ideas|Tags: |0 Comments

    JJG (Grains ETN) Poised to Rally In 2017

    As a follow-up to the 2017 Agricultural Commodities Outlook published on January 2nd as well as an inquiry from @nj1957 in the trading room on JJG, here's my outlook along with the recent developments & outlook for JJG (Grains ETN). JJG broke out above the mid-2016 to early 2017 basing pattern yesterday & remains above [...]

    Jan 18, 2017 10:48am|Categories: Gold & Commodities, Unofficial Long Ideas|Tags: |2 Comments

    Stock Market, Precious Metals/Miners & Trade Ideas Update (video)

    This video starts with analysis on gold, silver, platinum & GDX, followed by coverage of the US stock market (via SPY, QQQ & IWM) various sectors & some of the recent trade ideas posted on Right Side Of The Chart.

    WEAT First Price Target Hit for 5% Gain

    The WEAT (Wheat ETF) Active Long Trade gapped up to open at 7.30 today, which is where any standing sell limit orders at T1 (7.25) would have been filled, thereby providing a relatively quick 5.3% gain on the trade. T3 remains the final target at this time with the possibility of adding additional targets if [...]

    GLD & GDX Update

    Since the previous front page update & scenario on GLD posted just before the new trading year kicked-off (first chart below), GLD (gold ETF) went on to hit the top my gap target zone while putting in a relatively small divergent high which has now been confirmed via a bearish crossover on the 60-minute MACD. [...]

    Jan 13, 2017 10:16am|Categories: Gold & Commodities, Unofficial Long Ideas|Tags: , , |2 Comments

    Steel Sector Analysis & Trade Ideas (video)

    It appears that the steel sector & various individual steel stocks are setting up as potentially lucrative & objective swing trading opportunities. The following video begins with an overview of the steel sector followed by coverage of the following steel stocks: MT, STLD, GGB, X, AKS, WOR, FRD, GSIH & SLX (Steel ETF).

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