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I bought SGG at 56.62 which I sold today at 61.26. I'm concerned that the rally from 55.56 was locked in as a 3-wave rally since price dropped below 60.31 (the 1st wave high). Just my 2 cents
WHat do you think about WEAT and JO? Wheat and coffee
Well done. Nice sugar trade. My positions are all long term. Particularly just when the trend line is broken up I will not sell and expect a pull back to buy again. Market moves fast. Don't want to get into that stress.
I live in the UK so I can't trade or chart on JO. You can see my coffee charts in my previous posts. Just click coffee on the labels. I'm very bullish on coffee.
Wheat looks quite bullish to me as well. Just broke up the blue declining channel and will be much more bullish if the green channel is broken up. Hope it helps.
Hi Bouraq,
ReplyDeleteI bought SGG at 56.62 which I sold today at 61.26. I'm concerned that the rally from 55.56 was locked in as a 3-wave rally since price dropped below 60.31 (the 1st wave high). Just my 2 cents
WHat do you think about WEAT and JO? Wheat and coffee
Hi Stemphos,
ReplyDeleteWell done. Nice sugar trade. My positions are all long term. Particularly just when the trend line is broken up I will not sell and expect a pull back to buy again. Market moves fast. Don't want to get into that stress.
I live in the UK so I can't trade or chart on JO. You can see my coffee charts in my previous posts. Just click coffee on the labels. I'm very bullish on coffee.
Wheat looks quite bullish to me as well. Just broke up the blue declining channel and will be much more bullish if the green channel is broken up.
Hope it helps.
Thanks for replying. I have been very interested in commodities for some time. Your posts are a great asset to me.
ReplyDeleteThanks