US Grain commodities have been in nearly a 8 year decline. During the last 5 years there is potential bull falling wedge that maybe about to breakout to upside with a 50% Fib IT target at 28.27 and 78% Fib LT target at 35.16.
JJGTF Weekly Chart:
Posts Tagged ‘JJG Technical Analysis’
January 20th, 2020: Grains (JJGTF) Weekly Chart
Posted by pugsma on January 20, 2020
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January 17th, 2018: JJG (Grains) Chart Update
Posted by pugsma on January 17, 2018
1:45 pm EST: On the JJG 4-hr chart there is building MACD +DIV and a bullish falling wedge. The JJG short-term target should be near 26.85 and an intermediate-term target is at 29.57.
JJG 4-hr chart:
JJG weekly chart:
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January 8th, 2018: JJG (Grains) and JO (Coffee) Week Chart Update
Posted by pugsma on January 8, 2018
1:05 pm EST: Soft commodities like Grains (JJG) and Coffee (JO) are setting up for a potential cycle degree bottom from a bullish falling wedge pattern on the weekly charts. This could be a potentially good set-up for a multi-year bull run.
JJG Weekly Chart:
JO Weekly Chart:
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December 21st, 2017: JJG and JO Weekly Charts Update
Posted by pugsma on December 21, 2017
1:40 pm EST: Soft commodities like US Grains (JJG ETF) and Coffee (JO ETF) have been in a sustained down-trend for nearly 6 years. Both ETF’s on a weekly chart show a potential bullish falling wedge pattern with a building positive divergence on the MACD. The typical bullish falling wedge 78% Fibonacci retracement upside targets are at 46.17 (JJG) and 36.51 (JO). This represents a potential 91% return in JJG and a 149% return in JO over the next 1 to 2 years.
JJG Weekly Chart:
JO Weekly Chart:
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April 4th, 2017: US Grains (JJG) Weekly Chart
Posted by pugsma on April 4, 2017
The JJG weekly chart is showing a potential double bottom at the 26.62 pivot with a target of 30.84 + (30.84-26.26) = 35.06, which is also a 23% Fibonacci retrace of the fall from 64.92 to 26.62.
JJG Weekly Chart:
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February 14th, 2017: JJG (US Grains) Weekly Chart Update
Posted by pugsma on February 14, 2017
JJG Weekly Chart:
Posted in Add-On Service, JJG | Tagged: JJG Technical Analysis | Comments Off on February 14th, 2017: JJG (US Grains) Weekly Chart Update
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