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 [...]
The WEAT (Wheat ETN) swing trade has hit the final target, T3 at 7.70, for a 9.5% gain or 11.44% beta-adjusted gain. WEAT was added as a Long Swing Trade at 7.03 on June 9th with a suggested beta-adjustment of 1.2 (20% above a typical position size) due to the relative low volatility in wheat [...]
The WEAT (wheat ETN) active long swing trade hit T2, 7.38, yesterday for a 5% gain. T3 remains the final target at this time. Previous & updated daily charts:
The WEAT (wheat ETN) swing trade has hit the first price target, 7.25, for a 4.6% gain in just 8 trading sessions which is 5.5% profit when accounting for the 1.2% suggested beta-adjustment to the position size. Consider booking partial or full profits and/or raising stops, depending on your trading plan. T3 remains the final [...]
Since Tuesday's Agricultural Commodities Continuing To Firm Up post, the charts on all of those ag commodities have built on the recent gains & as such, I will be adding some or all of those highlighted commodities, starting with WEAT (Wheat ETN) as official trade ideas. WEAT once again offers an objective long entry on [...]
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.
While I've addressed the pros & cons of trading commodity ETNs as well as my reasoning for posting analysis & trade ideas on the site in the past, I believe this is an important topic that should be revisited, especially in light of my recent post highlighting various agricultural commodities that appear to be setting [...]