GSG is a nice way to play Commodities Super-Cycle in a diversified style. at current level the risk to reward is about 1/2, which makes it attractive long position.
GSC - Goldman Sachs Commodity Index - Bullish UpTrend intact. Broken red long term DownTrend line. Reverse yellow Head & Shoulders reversal pattern. New Green UpTrend line being adhered too.
Pivot: 24.65 Stop: 24.25 Avg Cost: 24.75 Risk From Pivot: 1.63% Position: Half Defensive (250 USDs) as stop is super tight and a strong gap down can be multiples of my risk. VCP Breakout on the Goldman Sachs Commodity Index. Added some exposure to my portfolio with this small trade. Over all exposure now 12.5% mainly on commodities and health sector. Waiting for...
Very few traders understand the fundamental reasons why Commodities Only Go Down. I will educate you. Let's take an example of Corn. Over time, what happens with corn? - We discover new ways of producing corn - We create cheaper ways to produce corn - We find faster ways to produce corn - We learn easier ways to store corn - We learn how to store corn for...
GSG is good commodity play, I think in next 3-6 month will roll to 80$
Lets see how this retracement pans out. Unless supply chains are fixed overnight and the de-globalization narrative changes I would expect the yellow box area to act as support. Volatile environment out there - keep your size in check.
Conviction: 3/5 Risky over the next 6 months, perhaps triggered by fed raising rates in March? Commodities ( AMEX:GSG , AMEX:DBC ) showed real strength over the last two years. However, looking at weekly RSI it looks a bit exhausted (using data from bear market in the last 10 years) Typically with breakouts, the asset will retest former resistance. Also,...
GSG (GSCI) - Faces serious resistance and divergent RSI Red line, once support, become resistance since 2015.
We continue to like GSG and commodities in general. This morning GSG gapped up 24 cents. Energy & grains look great fundamentally. Grains especially, supply is low and agricultural yields weak. We are watching the dry conditions in Brazil and if they persist that will bullish for grain prices. Energy continues to grind upward, Crude , Nat Gas , and Heating Oil...
Potential ending diagonal for commodities. Overbought weekly RSI with divergence into an area of resistance. Bond market has been telling us that the inflation hysteria was overdone and the crowd was all on one side of the boat. Energy held strong while most other commodities have rolled over. Energy may join now. Even if you believe that we have started a...
GSG is showing a strong upward trend since the low of March 2020. GSG has maintained a trading channel. We are long in the short to medium term. We have support at $14.63 which is shown in the fib retracement and by the trading channel prior to the COVID pandemic. We have an exit price of near $16.50, we expect to see resistance at the upper bound limit of the...
Seeing $12.75 Gap Fill, then stairstep $13.49, $14.15, $15.00, $16.16, $18.80? Thoughts?
Hello, Thanks for viewing. Really nice to see the encouragement and feedback from my last post about the gold/silver ratio. This is to share another of my recently entered, but shortly to grow significantly in size, positions. Boring old Commodities. If you look at a long-term chart, commodities have been on a largely downward slide for over 29 years. I just...
GSG pattern "SHS" confirm up today . GSG buy : $10.50 Target : $13.35 Stop loss : 10% Wish you good deals!
Hello all, Welcome to a somewhat time sensitive entry into the GSG commodity index trust. Low was sub 13. Looks like we will be making a push above the 200 day ma. I am obsessed with building a 100 dollars a day portfolio in any climate. The idea is to use the lowest possible principal and produce 100 dollars a day regularly without fail. Open to...
ENTER 14.77 STOP 14.90 TARGET 10.74