A comprehensive video covering the outlook for numerous hard & soft commodities via 20 commodity ETNs & ETFs, including both hard & soft commodities along with various agricultural commodity ETNs. Due to the unusually large amount of trade ideas covered, this video runs longer than normal. As such, for those [...]
Technical analysis on gold, GDX & various commodities including crude oil, natural gas, copper, timber & various agricultural commodities. Playback speed can be increased in the settings to reduce the duration of the video.
$COPPER (copper continuous futures contract) looks poised for a pullback off this overbought rally into resistance with negative divergences in place on the daily time frame while JJC (copper ETF) appears likely to break down below this 60-minute bearish rising wedge soon with a drop of at least 6% from [...]
Analysis & trade ideas with buy points & price targets on various commodities & commodity tracking ETNs.
The following video covers both the near & longer-term outlook for various commodity tracking ETNs & ETFs. In addition to stand-alone swing trading opportunities, commodities can also provide diversification within an investment portfolio or trading account due to their low correlation with stocks, bonds or other asset classes. The following [...]
I had a request from member @vim2 for an update on copper. Here's my 10 year weekly chart of $COPPER (spot copper prices). Copper has been gradually moving higher since putting in a divergent low around the beginning of the year & breaking out above this bullish falling wedge pattern [...]
This video makes a case for a trend reversal & near-term rally in the US Dollar along with a near-term bearish case for gold, silver, platinum, copper and other dollar sensitive assets, all of which still appear bullish from a longer-term perspective at this time (longer-term bearish $USD).
The Long Trade ideas categories (Setups & Active Trades) has been updated with the following trades moved to the Completed Trade category as they have exceeded their suggested stops. BAA- Traded as low as 0.15 while the suggested stop was on any print of 0.16 or lower. note: I am [...]
JJC (Copper ETF) has hit the first target (28.70) for a quick 4% gain, printing a high of 28.83 so far today before pulling back a bit. Consider booking partial or full profits and/or raising stops, depending on your trading plan. T3 (31.44) remains the final target at this time [...]
JJC (copper ETF) along with copper futures, has broken above the downtrend line & will be added as an Active Long Trade at current levels. note: An additional price target has been added (T1 at 28.70) with the previous targets re-sequenced as T2 & T3. On August 12th, [...]