Analysis & trade ideas with buy points & price targets on various commodities & commodity tracking ETNs.
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 highlighted as both swing trading opportunities as well as potential bottoming plays (longer-term trend trades/investments).
The following charts & notes include analysis of select agricultural commodity ETNs (WEAT, CORN, SOYB, JJG) that appear poised for significant gains in the coming months. Price targets & key technical levels included.
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 into 2018. Adding commodities to one's portfolio, whether a trading account or investment account, allows for diversification with little to no correlation with the stock market, fixed income, precious metals or other asset classes. Each of these commodity tracking ETNs (or one can use futures, if [...]