Headed into Thursday morning's open, two commodity longs I am considering taking are premier silver miner, Silver Wheaton, and the
WEAT fund for the wheat commodity.
SLW reported earnings this morning, and the first daily chart below shows the stock "gnawing away" at its declining 20-day moving average (and outperforming other miners today, too). A move over that 20-day tomorrow and I would consider a long swing trade.
Also note wheat finding support at the 50-day moving average (darker blue line on second daily chart, below) for the first time since April.
See you after the bell for my video market recap.
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