The lines in the sand for the NASDAQ 100 are: 3413.70 and 3396.72. The 200 day moving average is sitting at 3388.23. The S&P 500 will find support at 1792 and 1780. We expect to see these markets open lower and then rally. No we are not totally oversold and continue to have some room […]
The recent ascent in the British Pound has lifted futures near 1.6800 in June challenging ...
Cotton prices have grinded higher since the beginning of December as one can see by ...
Since establishing a bottom on 11/22 cotton prices have appreciated 14% yesterday trading to their ...
Record high after record high with April live cattle trading near $140 yesterday before stalling. ...
How much do you enjoy that lunch break cappuccino, americano or espresso? Well, in future, you may have to be prepared to pay more for that all-in-important caffeine fix at your favourite coffee chain outlet. This week, commodities continued to attract investors while bucking the down trend of the stock exchange, and, of these, coffee […]
What Bitcoin the ETF!!!!! We are hearing that the Winklevoss twins have filed with the SEC for the Winklevoss Bitcoin Trust. In case you have forgotten, the Winklevoss twins enjoyed fame regarding their legal tangle with Mark Zuckerberg regarding Facebook. Tulips anyone? N’uff said! Leading up to the financial crisis of Lehman Bros….cattle cost an […]
I track and follow approximately 50 different commodities and I must say that the softs sector where I do a fair bit of trading for clients is ignored too much in my opinion. In this piece I am going to briefly touch on four soft commodities that I track and trade with clients. Below you […]
Since putting in an interim top on 12/27 just below $101/barrel WTI futures have retraced losing almost $10/barrel. The first red horizontal line is seen on March futures near $91.50 and under that level support comes in at $90. It will take a settlement above the 8 day MA(orange line) for confirmation which I expect […]
The story for months has been slack demand for Agriculture and increasing global production. Hence wheat currently trading under three year lows and corn trading under 2 year lows. Soybean oil has not escaped the black cloud that has been hanging over this sector either as seen on chart below clearly there has been a […]