Early Thoughts

BHP is leading the miners for the past 2 days.
I took a look yesterday but was sanguine the precious metals.
Some asked about reloading on Long NUGT which didn’t jive at the time
with my view that Equities would remain firm and precious metals less
attractive over the near term.
Nugt would need to sustain above 81.20 its 50 DMA to take a run towards 87.50.
I view this as a short term trading vehicle and why not, it rips around 10% a day.
OIL…closing over 50.44 leads to more strength.
 
Grain Complex…acts great!!!
I’m looking for Soybeans to trade 12 dollars.
Soybean oil bottomed yesterday.
ETF guys...JJG is looking great on the weekly and monthly.
Closing over 34 would kick off another rally.
There is room on the Mutli-Year time frame for a move back towards 40.
Sugar is back on my radar. This put in a bullish reversal yesterday.
18.00 is the first Fib retrace level. The qtrly chart is looking good for strength into the end of June.
I’ve attached my first qtr view,. look at the Sugar comments…I should pay attention to myself!
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POT was a trade we set up the 18th-19th
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