Commodities Analysis & Trade Ideas (video)
Analysis & trade ideas with buy points & price targets on various commodities & commodity tracking ETNs.
Commodity ETN Analysis (video)
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 [...]
Commodity ETN Analysis (video)
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 [...]
Natural Gas Analysis & Price Targets
In the comment section below today's Index & Sector Analysis video, in which I briefly touched on natural gas, member @murphydoc inquired: 'So is Nat gas a buy? What would be your target?' Although I'm personally long nat gas, I decided not to add it as an official trade idea because I'd prefer to see [...]
UNG & UGAZ Backtesting with a divergent high
I'm walking out the door to leave town for a couple of days but will try to reply to any questions remotely and post any significant developments that might occur in the markets. I had a request from @ixtlanian in the trading room for an update on UGAZ. It appears that the recent bounce off [...]
UGAZ Natural Gas Trade Update
After hitting & holding on the 33.00 support level throughout yesterday's trading session, UGAZ (3x Long Natural Gas ETN) has now bounced back to the 41.40 resistance level which is likely to contain this near-term oversold bounce with a slight possibility of a continued move up to the 41.16 (R2) level before the next thrust [...]
UGAZ Natural Gas Swing Trade Update
Member @ben711 inquired in the trading room if the UGAZ was still an active trade. My reply: Yes, I considered closing the nat gas short around the open today, both personally & officially by revising the target slightly higher but decided to stick with the final target of T2 at 31.44 on UGAZ. If you [...]