CommodityTrends Weekly Newsletter

Nov Rough Rice broke out of its triangle in strong fashion on August 21, creating a potential long setup—especially following the retest of the triangle on August 25. Price broke to a new high on Oct. 1 and is still trading just below the monthly chart 50% level at 16.907.

As mentioned previously, if you’re paper trading this move, consider trailing your stop to just below the Sept. 23 low to help protect the position while still giving the trade some room to develop.

Dec Soybean Meal made a #1 top point at 376.9 (on September 24). Keep watching for all of the 1-2-3 strategy criteria to be met.

Dec 10-Year T-Note made a new contract low on October 1 at 103-285. I'm still watching for a possible trading opportunity.

Mar Sugar #11 broke to a new contract high today at 19.90 (at the time of this writing). For more details on this setup be sure to tune into my Daily Trading video. You can find out more by clicking here https://www.commoditytrends.com/register.

Previously I featured Maxlinear Inc (MXL) in this letter. At the time it was on the verge of triggering a MET entry to the upside. It did indeed trigger an entry on Sept. 25. There is a gold weekly chart wick zone just above. This is an area of liquidity and I like to anticipate that if the stock rallies it could seek out the mid-point of the zone at roughly 113.78. As I mentioned before there are no guarantees that this will happen. This is simply a technical chart based observation.