Analysis & trade ideas with buy points & price targets on various commodities & commodity tracking ETNs.
JO (coffee ETN) was recently added as an aggressive, "catch-a-falling-knife" trade on Tuesday with JO triggering the suggested stop of any move below 15.90 for a 3.6% loss on Thursday. That impulsive sell-off on Thursday was indicative of a selling climax as well as a potential wedge over-throw on both $COFFEE (continuous futures contract) JO [...]
While certainly a counter-trend, catch-a-falling-knife trade, JO (coffee ETN) will be added as a long swing trade here at around the 16.48 level while at the bottom of this small falling wedge (white downtrend line) within the much larger falling wedge pattern. While the daily chart of JO below shows some nearby resistance levels where [...]
While I've addressed the pros & cons of trading commodity ETNs as well as my reasoning for posting analysis & trade ideas on the site in the past, I believe this is an important topic that should be revisited, especially in light of my recent post highlighting various agricultural commodities that appear to be setting [...]
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 [...]
I've had a couple inquires in the trading room for updates on the WEAT Active Trade as well as JO (Coffee ETF), which was mentioned as poised to break out of a bullish falling wedge pattern in the recent 2017 Agricultural Commodities Outlook post. (that wedge was shown on the chart of $COFFEE) WEAT has [...]
It appears that various agricultural commodities are likely to outperform equities in the foreseeable future, at least during the first half of 2017 & quite likely well beyond. One of my favorite trade setups in the ag commodities sector right now is wheat, which can be traded using futures or the etf, WEAT. WEAT looks [...]