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Swing trades on commodity ETFs PDF Print E-mail
Written by Our Staff Writer   

October 23, 2010: In this report we analyze the charts of commodity exchange traded funds and futures to find support and resistance areas to trade off. Last week traders using our entry and exit areas made no profit or loss trading 300 shares. Profit and loss figures can be higher or lower depending on position size.

The realized losses last week were $0 and realized profits $0. Some of the stocks/ETFs analyzed in the report touched entry points and profit targets resulting in the profit. On some there was a loss as the stop loss was triggered. The total profit since March 22, 2010 is $3916.

For weekly profit and loss on all asset classes click here:  Weekly profit and loss statement

Please click the links to the charts on the right hand column to find buy and sell points we would take.  The text in the commentary column indicates either where prices are in relation to support and resistance or if a position is in profit or loss.

Commodity instrument 
 Symbol CommentChart
Commodity index ETF
DBC
  • Prices  between support and resistance
  DBC Chart
Agriculture ETF
 DBA
  • Resistance between support and resistance
  DBA Chart
Gold ETF
GLD
  • Prices making new highs
  • Wait for support to buy
  GLD Chart
Silver ETF
SLV
  • Prices make new high, wait for support to buy
  SLV Chart
Copper ETF
JJC
  • Prices between support and resistance
  JJC Chart
Oil ETF
USO
  • Prices between support and resistance
  USO Chart
Natural gas ETF
UNG
  • Price  making new lows
  • Wait for resistance to short
  UNG Chart