CommodityTrends Weekly Newsletter
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View the trade opportunities and commodity markets Jim is watching to see where the markets may be headed.
Summary
Wild Week in the Markets — Here’s What’s Happening!
Markets continue to react to the latest U.S. tariffs, leading to some big price swings. Just take a look at the screenshot below — it highlights the top four markets that saw the biggest moves upward over the past five days.
In this week’s training video, I break down what’s happening in Silver and a few other key markets. I focus on the recent volatility and the “V” patterns we’re seeing on the charts. I’ll guide you through the latest price action and point out some important insights from this week’s trading.
There’s a lot to dive into!
Click here to watch the video (you’ll need to log in to watch it).
Markets I'm Watching
View the trade opportunities and markets Jim is watching along with the Trend Seeker rating per commodity to see where the market is headed. Here are the markets and opportunities I am watching right now. For more information about these markets, be sure to check My Chart Book and CommodityTrends Daily Video Service.
Grains Market
May Rough Rice has developed another 1-2-3 bottom pattern. A break above the April 10 high would trigger a paper trade to the upside. The initial stop loss could be placed just below the #3 point. The initial target is the gold weekly chart horizontal resistance line at 14.370.
May Rough Rice has developed another 1-2-3 bottom pattern. A break above the April 10 high would trigger a paper trade to the upside. The initial stop loss could be placed just below the #3 point. The initial target is the gold weekly chart horizontal resistance line at 14.370.
Currencies Market
A month ago I wrote. . . "Jun Canadian Dollar has developed a 1-2-3 bottom formation. An entry to the upside was triggered on March 05. The initial stop loss can be placed below the #3 point (if it meets your risk tolerance). The initial target is the daily 50% level at 0.71443."
Price hit the daily 50% level on April 03 (target).
Last week I wrote. . . "If trading additional positions, consider trailing the stop loss to just below the blue horizontal support level at 0.70333."
Price broke through the stop level on Monday, April 07, and therefore would have triggered stops.
A month ago I wrote. . . "Jun Canadian Dollar has developed a 1-2-3 bottom formation. An entry to the upside was triggered on March 05. The initial stop loss can be placed below the #3 point (if it meets your risk tolerance). The initial target is the daily 50% level at 0.71443."
Price hit the daily 50% level on April 03 (target).
Last week I wrote. . . "If trading additional positions, consider trailing the stop loss to just below the blue horizontal support level at 0.70333."
Price broke through the stop level on Monday, April 07, and therefore would have triggered stops.
Financials Market
Previously I wrote. . . "Jun 30-Year T-Bond has formed a fish hook at a support level. A long paper trading entry can be established on a break above today's high as early as the next session. If filled, the initial stop loss can be placed just below Thursday's low. The initial target is the daily 50% level at 118-05."
The initial target was hit on April 01.
Last week I wrote. . . "If trading additional positions, consider moving the stop loss to just below the blue horizontal support level at 119-02."
The stop would have been triggered on Monday, April 07.
Previously I wrote. . . "Jun 30-Year T-Bond has formed a fish hook at a support level. A long paper trading entry can be established on a break above today's high as early as the next session. If filled, the initial stop loss can be placed just below Thursday's low. The initial target is the daily 50% level at 118-05."
The initial target was hit on April 01.
Last week I wrote. . . "If trading additional positions, consider moving the stop loss to just below the blue horizontal support level at 119-02."
The stop would have been triggered on Monday, April 07.
Foods/Softs Market
May Orange Juice has produced a left shoulder and a head of a head and shoulder bottom formation. Keep watching for a right shoulder to develop and a possible setup to the upside.
May Orange Juice has produced a left shoulder and a head of a head and shoulder bottom formation. Keep watching for a right shoulder to develop and a possible setup to the upside.