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BDRY

BDRY Long Chinese People's Congress meetings start March 5th. On day 1, China will announce GDP Target for 2025 and any additional economic stimulus measures planned to spur economic growth. BDRY ETF specifically consists of FFA's which driven by Chinese Import demand for dry bulk commodities such as iron ore, coal, and grain. Expect import demand to grow significantly for dry bulk commodities following CPC announcement on March 5th. This also coincides with the post Chinese Lunar New Year which is a key seasonal bottom turning point in Chinese economic activity. A 100% gain in BDRY ETF is not unreasonable over the next 4-6 months as seasonal tailwinds occur into summer construction and harvest.
AMEX:BDRYLong
by speculativehydrocarbons
1
CMRE: Looking to Bullishly Breakout with the Dry Bulk IndexCostamare has a history of following the moves of the Baltic Dry Index which tracks the charter rates of various different Dry Bulk Ships and recently we've seen BDRY (the ETF that tracks the BDI) double in value and it has taken many marine shippers up with it but CMRE despite trading at good valuations is yet to move out of its trading range which is typical for this stock as it usually moves just a bit slower than the BDI. When comparing the two you can see the BDI has already broken out and is heading for the highs but CMRE has not made any meaningful moves up, however it is attempting a breakout with some hidden bullish divergence it formed at the previous support and is now above the 55 and 200 week moving averages. If it follows the move the BDI has made we could see CMRE come up to test the 61.8% Retrace at $16.62 or the 0.886 at $22.45 at this point in time that would open up the possibility of an ABCD move being completed to the upside that could lead it all the way up to $38.40. I will leave below some Related Ideas within the sector and the chart of the Baltic Dry Index ETF (BDRY)
NYSE:CMRELong
by RizeSenpai
3
BDRY Expected to Rally Towards 38.50Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The ETF BDRY held its overall uptrend despite failing to break through the 30.75 resistance level on the previous two occasions. Support for BDRY is observed around the 23 price level. Expectations are for the ETF to break above 30.75 resistance on its 3rd attempt and rally towards 38.50. To negate this view BDRY needs to decline towards the 22.75 price level. Technical Indicators BDRY is currently above its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The moving averages are trending higher as the short term MA is trading above the medium term MA and the medium term MA is trading above the long term MA. Also there has been a positive crossover on the short and medium term MAs. BDRY’s RSI is above the 50 level and there has been a positive crossover on the KST. Recommendation The recommendation will be to go long at market, with a stop loss at 22.75 and a target of 38.50. This produces a risk/reward ratio of 1.46. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
AMEX:BDRYLong
by Ceddy86