WEAT impending breakout on volumeThe WEAT ETF has been building a base with an accompanying increase in volume over the past two weeks. First resistance would most likely be the 200 DMA.
Key stats
About Teucrium Wheat Fund ETV
Home page
Inception date
Sep 19, 2011
Structure
Commodities Pool
Dividend treatment
Capitalizes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
Teucrium Trading LLC
Distributor
Foreside Fund Services LLC
WEAT avoids the front-month contract in its aim to provide exposure to wheat futures. Instead it holds the 2nd to expiration, 3rd to expiration and the subsequent December contracts to mitigate the impact of contango, weighting the contracts 35%, 30% and 35%, respectively. This approach should have some success in contango mitigation but may lag front month at times. The fund's structure means a K-1 at tax time and a blended tax rate.
Classification
What's in the fund
Exposure type
Futures
Cash
Corporate
Bonds, Cash & Other100.00%
Futures45.73%
Cash43.84%
Corporate10.43%
Mutual fund0.00%
Top 10 holdings
WEAT getting ready to test its 200 MA for the 7th time!AMEX:WEAT
WEAT has been in a secular bearish trend for over 15 years. But that has not been without bullish bursts. However something happened to WEAT recently were it successfully broke out thru its 200 DMA in April of last year. In my opinion this signaled the beginning of a change in trend for
WEATBULLISH ON WEAT - Of course, I'm paper trading it but will be accumulating soon. AMEX:WEAT www.tradingview.com
CANE and WEAT LONGboth broken long term trendlines to the upside.
Additionally, CANE is in season. MASSIVE inverse HS on CANE with 275% upside potential 2-5 yrs
Please watch video for a more detailed explanation
WEAT (Wheat): Forming Huge “W” to Culminate in 2032/33? 9.13.24
MA's need to flatten out, like last time before bull run (2019-2020).
Base was built over 13 - 21 months, depending how you measure it. (13 mo from 1st bottom to 3rd bottom)
There was a triple-bottom (or quadruple/quintuple bottom, depending how you look at it), before going from $4.83 to
WEAT | Wheat Will Fly High Soon!Teucrium Wheat seeks to have the daily changes in the Shares' NAV reflect the daily changes of the price of wheat for future delivery, as measured by the Teucrium Wheat Index. The fund seeks to achieve its investment objective by investing in Benchmark Component Futures Contracts. Under normal marke
WEAT just entered a buy zone for a swing trade.Exceptional risk/reward here of 8.6 with stop loss and PT's as shown below. Tight stop is essential.
EU faces pressure to defuse mounting anger as farmers protest aGiven the mounting anger and protests by farmers across Europe, there appears to be a significant challenge stemming from contradictory and potentially detrimental agricultural policies. The grievances include increased costs for agricultural diesel, additional fees for water consumption, complex re
Teucrium WEAT - Looks like a powerful chart. Double bottom and now sitting back at an area of support. Strong W pattern in the making. Bottom close?
Everyone needs bread! Get your wheeties while they're cheap. My opinion is that commodities will be strong buys long term
WEAT- Wheat ETF at buy point LONGWEAT the Wheat EFT has been volatile of late due to the Bakc Sea shipping deal
falling apart when Russia refused to renew it. Brazil has been trying to increase
whet exports to pick up from the fall off of Ukrainian shipments to Africa and others.
On the 4H chart, WEAT has fallen 15% from the dou
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.