The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
65$ for approx 50% Fertilizer industry looking very strong as a whole
Some nice VCP / Saucer Handle patterns on JO as it continues to climb higher. Watch for a break higher if it can chew through 67 zone resistance Break lower out of triangle / trendline support invalidates long idea. On a macro level we're seeing bullish setups in AG complex (coffee , rice, wheat, corn, soybeans, etc.) , coupled with inflation coffee should...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
Double-bottom -> break-out -> break of the descending trendline -> now a re-test of the trendline and MA's -> I think we will be soon ready for a bullish move!
Going long (commons) on SOYB Agriculture looks bullish and I like the textbook breakout here. Also with equities wavering, SOYB DBA CORN agro charts appear more bullish to me IMO Respect the stop loss and but give this trade idea time, she's not always the fastest mover
The rise of inflation has investors quietly returning to many commodity-related stocks that were popular 2003-2007. One of them is Bunge. Earlier this month, the soybean processor touched its highest level in over 13 years. It pulled back but is trying to stabilize around the same $92 area where it peaked last May. Is old resistance new support? BG is also near...
CF Industries Holdings, Inc. ( NYSE:CF ) Sector: Process Industries (Chemicals: Agricultural) Market Capitalization: 14.155B Current Price: $66.00 Breakout price: $70.00 Buy Zone (Top/Bottom Range): $66.00-$61.50 Price Target: $78.90-$80.00 Estimated Duration to Target: 80-88d Contract of Interest: $CF 5/20/22 70c Trade price as of publish date: $4.95/contract
Nutrien Ltd. ( NYSE:NTR ) Sector: Process Industries (Chemical Agricultural) Market Capitalization: 40.677B Current Price: $70.82 Breakout price: $72.25 Buy Zone (Top/Bottom Range): $70.50-$67.25 Price Target: $79.25-$80.50 Estimated Duration to Target: 114-120d Contract of Interest: $NTR 6/17/22 75c Trade price as of publish date: $4.40/contract
The SPDR® S&P® Global Natural Resources ETF (GNR) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® Global Natural Resources Index. The index is composed of three sub indices, the S&P Global Natural Resources - Agriculture Index, the S&P Global Natural Resources -Energy Index and...
Equities took a dive last week from the Covid related catalyst, meanwhile I'm bullish and still green on agriculture and CORN calls. I'm long JAN 23 calls up +17% . I'm looking for a run to $26 in the coming months. Will trim along the way. Stop loss break even. I'm also long DBA calls (agriculture fund).
$DBA Agriculture fund looks bullish on weekly (macd cross) and monthly time frame. Looking at the monthly chart we can see a break above $20.75 zone implies a move through the VP gap to $23.8 zone resistance. MACD showing good momo and EMA's bullish cross implies continuation to the upside. Open Interest is very heavy on the call side, and on 11/17 a whale...
This is an incredibly clean breakout. Nice longish term buy and hold betting on food costs increasing. Inflation wasn't fooling around and this chart is proving it. Keep your eyes on it.
Quick and dirty trade idea on soybeans. Nothing fancy by any stretch of the imagination. Previous 11.85 support is being tested, maybe we can make a dollar or two based on a quick pivot to the upside. As a result, a very tight stop loss is in order, this trade has a very high reward / risk ratio. No time will be wasted, the market shall crash though support and...
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2.5:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
Without a S. American weather problem soybeans could struggle. Corn and wheat are doing the heavy lifting. I am neutral this market for now.
In (3) of 3-the power leg. Wheat has been leading the ag commodity sector.
AGRI was listed on July 7th, at a public offering price of $5.00 per unit. Now the price is only 3.04usd!!! Shares Float is low, 12.05Mil AGRI has signed a letter of intent to acquire a leading AgTech European consultancy. AgTech consultancy had 2020 annual consulting audited revenues of over US$26 million and EBITDA of US$3 million . it expects revenues of...