The following charts & notes include analysis of select agricultural commodity ETNs (WEAT, CORN, SOYB, JJG) that appear poised for significant gains in the coming months. Price targets & key technical levels included.
$SOYB (continuous contract) is trading at the 948ish support level following a recent divergent low & extreme oversold reading. While there is a decent chance of a rally off this support level, the ideal scenario would be one last thrust down towards the 920ish support level and/or this trendline with one more divergent low before [...]
As mentioned in this morning's market update, various agricultural commodities appear to have some of the most attractive R/R profiles right now, especially for long-side trades. The charts seem to indicate that many of these ag commodities appear to be setting up for attractive swing trades with rallies that could last several months & even [...]
Going forward, I plan to do regular updates covering the most attractive sectors, commodities and/or countries as well as the most bearish (for short trading opportunities). In doing so, I will cover the tracking ETFs, which may help less active traders & investors, as well as those the prefer the simplicity & diversity afforded by [...]
The SOYB (Soybean ETF) Active Long Trade has hit the final target, T2 at 18.90, for a 7.5% gain & will now be moved to the Completed Trade category. As mentioned in the previous update on SOYB, the longer-term bullish case has continued to build but since I didn't get around a posting additional official [...]
An overview of the active long trade ideas plus several other long trade ideas that look compelling at this time, both swing trades as well as longer-term Growth & Income trade ideas. The video starts out covering the Active Long Trade ideas, followed by about 9 unofficial but compelling trade ideas. For those wising to [...]
Note: This will be the first of several trade updates today & into tomorrow afternoon before I leave town. As there are quite a few trade ideas in need of updating, after this post, email notifications will only be sent out on time sensitive updates, such as a trade idea currently approaching a price target, [...]