Hello traders
Take a look at monthly chart of DBA. Downside momentum is exhausted and I expect some moves to upside now. Still a bearish chart. But no momentum in macd now. Weekly chart is constructive and getting better. I am looking for plays in grains such as corn and wheat to the upside. Will see how it plays out. Stocks and commodities ratio is interesting as well. Change in trend???
Just wanted to share some thoughts in case some of you want to play it.
Take a look at monthly chart of DBA. Downside momentum is exhausted and I expect some moves to upside now. Still a bearish chart. But no momentum in macd now. Weekly chart is constructive and getting better. I am looking for plays in grains such as corn and wheat to the upside. Will see how it plays out. Stocks and commodities ratio is interesting as well. Change in trend???
Just wanted to share some thoughts in case some of you want to play it.
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この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。