Thursday, August 11, 2016

JJG Grain ETF Daily Chart

JJG drops into a falling wedge with oversold conditions and positive divergence, all bullish indications, wanting to see a recovery move higher. Price is moving up over the last few days but is stalling. Commodities are reactive to the move in the US dollar index.

The indicators are long and strong although the RSI ha stalled. The expectation is for further upside. Keystone bot JJG at the bottom playing the possie d and currently holding the long position. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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