Commodities - Weekly Update #11

Silver (XAG) - bullish

First moves Gold, then Silver shines. Our previous long entry signal perfectly hit and stop have been re-adjusted to most recent lows.

Gold (XAU) 

Most profit has been taken. Price is holding well but unless we break above resistance, looks like we might be in for a bigger retrace toward high $2,500's.

Wheat (ZW)

Perfect entry and quick hit on target. We have now a second long re-entry signal.

Stop at $575

Entry dca (dollar cost average) as close as possible to stop.

Target $636

Soybean (ZS) 

Holding on thin air here. Exited the trade manually at break even. Price action's not looking that good and rather wait for a better opportunity.

Sugar (SB) 

Completely out of this trade. Re-entering upon a break above $23.7.

Previous report HERE:

Commodities - Weekly Update #10

✅ +65% ROI Natural Gas (ZS) HUGE GAINS.... This one we posted on Discord and Telegram last week. Kudos to whoever jumped in. Sugar (SB) Most profit have been taken and standby for now. This week´s weekly close must close above previous week´s high for bullish continuation and in

Zelf TradeLuis Ricardo Guizado

Disclaimer

Not financial or tax advice. Zelf Trade is not a financial institution. No content on this Newsletter is financial, accounting, legal or tax advice. Zelf Trade content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.