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 [...]
SGG (Sugar ETF) will be added as both an Active Long Trade as well as a Long-Term Trade Idea at current levels. Suggested stop below 29.00. Price targets listed below may be adjusted based on the charts of $SUGAR (spot sugar prices). With the potential for a bottom in sugar prices, additional price targets may [...]
A quick look a some of my favorite agricultural commodities, along with updated price targets. The scope and duration of any rally in the commodity sector will likely be commensurate (and dependent) on a reversal in the US dollar index.