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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

This Here Commodity Action

chessNwine Wed Mar 5, 2014 11:23am EST 9 Comments

While corn takes a slight rest today, note the sugar ETN, first 30-minute chart below, making a push for a secondary breakout trying to follow coffee higher. Watch to see if $60 now holds today. I am stalking this one, long.

Speaking of coffee, on the ETN daily chart, second below, note the potential for a bull flag to form if we see price tighten up as this week progresses.

Also keep an eye on WEAT over $15.50.

What are you trading this morning?

_____________________________________________

SGG

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JO

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9 comments

  1. alf44
    alf44
    March 5, 2014 at 11:37 am

    .

    SMOKIN’ !!!

    .

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  2. David Langner
    David Langner
    March 5, 2014 at 11:39 am

    Chess: Nice move digging both commodities and the pure modern sounds. As Cannonball would say, “I’m long CORN and watching JO – You know what I mean?”

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  3. zookini
    zookini
    March 5, 2014 at 12:15 pm

    Broke my self imposed Elon Musk cooldown and shorted SCTY

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  4. zookini
    zookini
    March 5, 2014 at 12:19 pm

    Thank you man on TV for additional .5%

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  5. zookini
    zookini
    March 5, 2014 at 12:20 pm

    Sentiment and Technicals trump Fundamentals 24/7

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  6. Randad
    Randad
    March 5, 2014 at 12:45 pm

    put out $JNUG ths morn. hod. making a run at $GDX 27.00ish.always ready to fade if slop jar gets full. trading $UGAZ and $DGAZ sometimes 3 times a day.great ranges.

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