The WEAT (wheat ETN) swing trade has just hit the first price target (T1) for a ~10% gain. Consider booking partial or full profits and/or raising stops if holding out for any of the additional targets (which I still favor, although the odds for a reaction off T1 are elevated at this time). Previous & updated daily charts below.
WEAT-daily-March-25th
WEAT-daily-April-19th
WEAT daily April 22nd
WEAT daily April 26th
For futures traders, /ZW has hit the 916 1/4 price target which aligns with T1 on the daily chart of WEAT. With wheat at resistance & small divergences on this 120-minute chart, the odds for a pullback are elevated although I still favor the additional longer-term swing targets being hit in the coming weeks or months. Previous & updated daily charts followed by the previous & updated 120-minute charts of /ZW below (remember, we rolled from the May to the July contract so the price targets changed slightly due to the differential between those two contracts).
ZW-daily-March-28th
ZW daily April 26th
ZW-120m-April-22nd
ZW 120m April 26th