Wednesday, November 19, 2014

Commodities Report: Weekly Charts

Roundup of recommendations based on the weekly charts (which I will do from now on):
  • Agriculture (DBA) is neutral
  • Aluminum (JJU) a buy
  • Coal (KOL) is a short
  • Coffee (JO) is a buy
  • Commodities (DBC) is a short
  • Copper (JJU) is still bottoming, support/speculative buy at $35.90
  • Corn (CORN) is a short, support at $22.70 with possibly bottoming pattern
  • 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 speculative buy, with bottoming pattern at $11.40
  • Livestock (COW) is a buy
  • Natural gas (UNG) is a speculative buy based on the polar vortex and cross over of EMA's
  • Palladium (PALL) is a short
  • Platinum (PPLT) is a short (but oversold)
  • Silver (SLV) is a short (but oversold)
  • Soy (SOYB) is a buy at anything near $19.50
  • Steel (SLX) is a short
  • Sugar (SGG) is a buy with speculative bottom in at $40.00
  • Timber (CUT) is a fantastic short at $24.00
  • Uranium (URA) is a buy with bottoming pattern in a $11.00
  • Wheat (WEAT) is strong buy with possible bottoming pattern at $11.60

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