Analysis & trade ideas with buy points & price targets on various commodities & commodity tracking ETNs.
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 poised to rally to any & most likely all of these price targets following a breakout above this bullish falling wedge pattern. Adding to the longer-term bullish case is the fact that wheat has been basing just below the lower-end of its decade+ trading range with [...]