AIGC trade ideas
Leveraged Gold looks bullishThis is the month Gold looks to be breaking out from a long term double bottom, which began in 2013.
This is an observation only and not a recommendation to buy or sell.
Short copper ETF about to breakout?Is this ETF about to break out? Needs to break 35 before it makes real gains.
WISDOMTREE COFFEE headed to range lows, sweep the lows and pump?Nothing changed with this one, same range as in the previous post, backtested the range EQ and now headed to range lows. Looking to buy at around range lows, but maybe only after it has swept the previous lows and reclaimed the range.
Coffee isn't alone in this dump, it's all of the commodities at the same time.
Back to range EQ and back to range lows if EQ failsWisdomtree COFFEE OD7B failed to get back out of the white range pictured here. Now it's headed back to range EQ @ 0.674. If that fails as support, it's headed to range lows or even new lows after that because of the massive swing failure above the white range (the green boxes). If that happens I would only enter back in if it reclaimed the white range lows.
#Nickel on start of potential swing up #HZM trend reversalBounce from 78.6 fibs & also previous resistance which becomes support
it should head towards 50% retrace line & hopefully brake it eventually.
Very bullish on Nickel in coming weeks/months/years due to EV battery metals rise
Waiting for Long CoffeeThe Coffee price broke the trend line down and some resistance zones. Waiting for the price pull back the support zone around 0.800 or the trend line around 0.700 then go Long
Looks like coffee's making a double bottom.Looks like a double bottom is being completed.
Bullish reversal anyone?
LONG CHOCOLATECocoa Long - Risk Reward 2:20
Cocoa is trading below the long term weekly trend, with strong selling pressure forcing it below the expected RSI and BBands for its current bull cycle.
Trade with tight stop on bottom of cyclical trend reversal.
Entry price range: 1.9 - 2.0
Exit price range: 2.26 - 2.35
Triangle breakout for WTI Crude #OOTTA technical breakout although fundamentals could change its direction.
Nat Gas clone levelsThis is a longer range chart of Nat Gas with it's clear descending wedge structure, which is overlaid with clone levels. The reference range for the clones is the spike at the start of the winter season 2018.
The safest long trade - if there is such a thing with NGas at a time when Permian Gas is beng flared off at a criminal rate - would be to hit it as low as possible close to the wedge bottom boundary. Timing is all important with the Widow Maker - so pay it lots of respect and never get cocky with it.
Otherwise watch from the sidelines and enter a safer trade instead.
Cotton LongCotton prices are severely depressed at the moment.
Opportunity for profit 6% Risk to 20% Reward - 1:3 RR profile.
Entry Price and accumulation around 1.62
Stop Loss 1.56
Initial Take Profit January 2020, expect small seasonal retrace.
Final Take Profit June 2020 at 2.0
Fundamentals:
Drought, pest attack hit yields in key producing regions resulting in 9 year low on production output
Imports 80% increase
Exports have plunged to 10-year lows
www.reuters.com
Corn and Natural GasCorn and natural gas show an interesting relationship, Corn has winter Lows with spring Highs with some swings between but roughly correlate to a yearly cycle.
Natural Gas is at all time lows, with price levels at pre 1995 prices at points in the recent past. Meanwhile the quantity and quality of dollars has risen. gas also follows a rough cycle of summer lows and winter highs which presents an interesting trading opportunity. Long Natural Gas in mid summer during peak withdrawal Into mid winter, with an exchange into corn going long into the summer, selling back into Gas or Gold.
In addition recent extreme weather events and forecast for a cooler winter increases demand for both Corn and Gas
Silver has broken from a 12 month double bottom12 month double bottom formed
Next stop 17 (but technical target after double bottom is 17.6)
Not a farmer but corn could be ready to pick here. MMHVW - so apparently the adverse flooding and wet weather hitting certain parts of USA at the moment will have a negative impact on corn as the lands over waterlogged and therefore nothing is grow at the moment. Could see a break out from this descending wedge soon.
ETFS Corn is designed to enable investors to gain an exposure to a total return investment in corn by tracking the Bloomberg Corn Subindex (the "Index") and providing a collateral yield. The product reflects the performance of the Index such that, for example, if the Index were to rise in value by 5% over a period, the product would increase in value by 5% over that same period (before fees, expenses and adjustments) and if the Index were to fall in value by 5% over a period, the product would fall in value by 5% over that same period (before fees, expenses and adjustments). The product is an exchange traded product ("ETP"). Securities in this ETP are structured as debt securities and not as shares (equity). They are traded on exchange just like shares in a company. The ETP is backed by swaps with Citigroup Global Markets Limited and Merrill Lynch International. The payment obligations of the swap counterparties to the Issuer are protected by collateral held in a segregated account at an independent custodian, The Bank of New York Mellon.
Again - this should not be taken as financial advice.
