This is the 5th & final video for today covering the sectors & commodities that look to either be setting up or currently offering objective trading opportunities. This video starts out with a quick look at the charts of natural gas & gasoline followed by updates on the various agricultural commodities that have recently been [...]
Although I just published video covered of the commodity ETNs a few days ago, there have been some significant technical developments since, with many of the grain ETNs pulling back to support levels which might provide the next objective entry. This video only covers the agricultural commodities (no oil, nat gas, metals, etc..). The following [...]
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 ETP's are covered in this [...]
$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 [...]
NIB (Cocoa ETN) was a recent long trade that reversed after hitting the 2nd price target, going on to make another potential divergent low. The price action over the last few days appears that NIB may have bottomed last Thursday. See $COCOA daily & NIB 60-minute charts for additional technical levels & developments to watch [...]
A couple of points to address on the agricultural commodities. Regarding the recent official trades in the ag commodity sector, both NIB & WEAT have exceeded their max. suggested stops & will be moved to the Completed Trades categories. WEAT (Wheat ETN) was recent added back as an new long swing trade after the previous [...]