The following notes and charts provide the entry criteria, price targets, suggested stop & beta-adjusted position size for a trade in WEAT (wheat ETN) along with analysis on /ZW (wheat futures).
WEAT (Wheat ETN) is approaching support on both this 60-minute time frame as well as the longer-term time frames with bullish divergences in place all the way out to the weekly charts. Watching to see if we get a reversal soon, even if prices briefly undercut this 60-minute support level. WEAT 60-min Aug 15th [...]
Analysis & trade ideas with buy points & price targets on various commodities & commodity tracking ETNs.
Potential trade ideas & developments to watch for this week in the stock market, select commodities, sectors, currencies. The video starts with coverage of the Euro, US Dollar & gold mining stocks, then stock market analysis via QQQ & SPY followed by some potential trade ideas on individual stocks & sector ETFs.
Member @ixtlanian inquired in the trading room if WEAT in objective long re-entry position now? Based on both the charts of $WHEAT (continuous futures contract) and WEAT (wheat ETN) it would appear so. $WHEAT is close to backtesting this downtrend line following the recent breakout & divergent low, thereby offering another objective long entry or [...]
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 [...]