(USCI) Pivots Trading Plans and Risk Controls

November 26, 2024, 09:30 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for USCI

• Buy USCI near 63.72 target 66.1 stop loss @ 63.54 Details

The technical summary data tells us to buy USCI near 63.72 with an upside target of 66.1. This data also tells us to set a stop loss @ 63.54 to protect against excessive loss in case the stock begins to move against the trade. 63.72 is the first level of support below 64.4606 , and by rule, any test of support is a buy signal. In this case, support 63.72 is being tested, a buy signal would exist.

• Short USCI slightly under 66.1, target 63.72, stop loss @ 66.29 Details

The technical summary data is suggesting a short of USCI as it gets near 66.1 with a downside target of 63.72. We should have a stop loss in place at 66.29though. 66.1 is the first level of resistance above 64.4606, and by rule, any test of resistance is a short signal. In this case, if resistance 66.1 is being tested, a short signal would exist.

Swing Trading Plans for USCI

• Buy USCI slightly over 65.18, target 66.1, Stop Loss @ 64.99 Details

If 65.18 begins to break higher, the technical summary data tells us to buy USCI just slightly over 65.18, with an upside target of 66.1. The data also tells us to set a stop loss @ 64.99 in case the stock turns against the trade. 65.18 is the first level of resistance above 64.4606, and by rule, any break above resistance is a buy signal. In this case, 65.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short USCI slightly near 65.18, target 64.42, Stop Loss @ 65.37. Details

The technical summary data is suggesting a short of USCI if it tests 65.18 with a downside target of 64.42. We should have a stop loss in place at 65.37 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for USCI

• Buy USCI slightly over 64.52, target 65.18, Stop Loss @ 64.37 Details

If 64.52 begins to break higher, the technical summary data tells us to buy USCI just slightly over 64.52, with an upside target of 65.18. The data also tells us to set a stop loss @ 64.37 in case the stock turns against the trade. 64.52 is the first level of resistance above 64.4606, and by rule, any break above resistance is a buy signal. In this case, 64.52, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short USCI slightly near 64.52, target 63.72, Stop Loss @ 64.67. Details

The technical summary data is suggesting a short of USCI if it tests 64.52 with a downside target of 63.72. We should have a stop loss in place at 64.67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 64.52, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for United States Commodity Index Fund (USCI) available here: USCI.

USCI Ratings for November 26:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	61.39
P2	64.52	64.42	63.72
P3	65.02	65.18	66.1

AI Generated Signals for USCI

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This United States Commodity Index Fund (NASDAQ: USCI) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for USCI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if USCI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for USCI too.  All of these are offered below the Summary Table.