Tuesday, November 18, 2014

Commodities Report: Daily Charts

Roundup of recommendations based on the daily charts:
  • Agriculture (DBA) is bottoming (I think)
  • Aluminum (JJU) a buy at $19.40
  • Coal (KOL) is neutral until it breaks $16.80
  • Coffee (JO) is a buy
  • Commodities (DBC) is a short
  • Copper (JJU) is still bottoming
  • Corn (CORN) is a short
  • Cotton (BAL) is a short
  • Crude oil (USO) is a short
  • Gold (GLD) is bottoming and a buy at anything around $110.00
  • Lithium (LIT) is a short
  • Livestock (COW) is a buy
  • Natural gas (UNG) is a speculative buy based on the polar vortex
  • Palladium (PALL) is neutral
  • Platinum (PPLT) is neutral
  • Silver (SLV) is bottoming and a buy anywhere near about $15.00
  • Soy (SOYB) is a short
  • Steel (SLX) is a short
  • Sugar (SGG) is neutral
  • Timber (CUT) is a short
  • Uranium (URA) is bottoming
  • Wheat (WEAT) is neutral

Agriculture: DBA

Aluminum: JJU

Coal: KOL

Coffee: JO

Commodities: DBC

Copper: JJC

Corn: CORN

Cotton: BAL

Crude Oil: USO

Gold: GLD

Lithium: LIT

Livestock: COW

Natural Gas: UNG

Palladium: PALL

Platinum: PPLT

Silver: SLV

Soy Bean: SOYB

Steel: SLX 

Sugar: SGG

Timber: CUT

Uranium: URA

Wheat: WEAT

Jakob Richardson © 2014