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 [...]
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 [...]
A couple of points to address on the agricultural commodities. Regarding the recent official trades in the ag commodity sector, both NIB & WEAT have exceeded their max. suggested stops & will be moved to the Completed Trades categories. WEAT (Wheat ETN) was recent added back as an new long swing trade after the previous [...]