This video highlights some of the potential swing trading opportunities that stand out at this time. Covered in the following order are: Crude oil & the energy sector via /CL (crude futures), XLE & XOP gold & the US dollar via /GC (gold futures) & the EUR/USD forex pair various [...]
On the first chart below, /ZW (wheat futures) have fallen back to the 438 support level with bullish divergences on this 60-minute time frame. On the second chart below (daily chart of WEAT), the scenario with the green dotted arrow would be ideal for the Active Long Trade on WEAT [...]
This video covers the near-term outlook for some potential swing trading opportunities at this time with analysis on various stocks, ETNs, commodities and futures contracts. Covered in the following order is the outlook for: The precious metals & mining sector via the charts of /GC (gold futures), EUR/USD (euro-US Dollar [...]
The following notes & chart provide an update to the WEAT, Wheat ETN, active swing trade idea & trade setup, including price targets.
An overview of some of the swing trade ideas that stand out at this time.
The following is an update on the WEAT (Wheat ETN) swing trade idea, including price targets on /ZW (wheat futures).
Lots of decent reversals today: - XOP recovered from nearly a 2% loss earlier with the ETF climbing out of that hole & just going green for the day. - As @schooner mentioned in the trading room, decent reversals in the broad markets. - Semis once gain tested & bounced [...]
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. [...]