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Zelf TradeLuis Ricardo Guizado
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Commodities - Weekly Update #9
Commodities - Weekly Update #9 - Read the full update on Zelf Trade.
LR Guizado•
Commodities - Weekly Update #9
✅ +44% combined ROI
Gold (XAU)
Macro = bullish / short term = neutral
✅ First 3 day target hit.
✅ +4% profit from previous week's must hold level, now what?
Ideal long re-entry upon a retrace toward low $2,500's.
Bullish upon a strong close above $2,600.
Silver (XAG)
Macro = bullish / short term = neutral
✅ +8% profit. Price hit our target and sliced through it. Now what?
Bullish upon a strong close above $31.8.
Sugar (SB)
✅ +19% partial profit taken at market price. Beautiful bullish reversal.
Ideally if we break above $23 we should be long and strong macro. So far, the weekly chart looks extremely bullish.
Wheat (ZW)
Macro = bullish / short term = neutral
✅ +13% final take profit hit.
Standby for now. Ideal long re-entry at around $550 or upon a strong bullish break above $595.
Soybean (ZS)
Macro = bearish / short term = bearish
Price seem to be holding well. We need a strong break above $1,022 for bullish continuation or wait for a retrace toward $980's.
Corn (ZC)
Macro = neutral / short term = bearish
Not my cup of tea. Nothing has changed here. Price action looks bearish short term and we might be in for a bigger retrace.
Previous report HERE:
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Commodities - Keep on Giving (Weekly Update #8)
Gold (XAU) Macro = bullish / short term = neutral Today’s daily chart close is crucial. We are currently at resistance from previous highs and need a strong price move above $2,530 for bulls to regain control. Must hold level above $2,500’s. Silver (XAG) Macro = bullish / short term = neutral Yes
Zelf TradeLuis Ricardo GuizadoDisclaimer
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