Tag: China
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Cotton – China’s Appetite Should be Absent
Since establishing a bottom on 11/22 cotton prices have appreciated 14% yesterday trading to their highest levels since 8/20. While past performance is not indicative of future results you can clearly see a pattern on the chart below that prices in the high 80’s appears to be unsustainable? I am operating under the influence that…
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Four Soft Commodities – The Forgotten Sector
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…
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Why Agricultural Commodities May Be A Good Investment
For investors in the United States, 2013 has been the year for buying stocks. So far, the Dow Jones Industrial Average is up a little over 22%, and prospects are that it will keep on rising at least through the end of the year. However, there are increasing noises from concerned investors about whether or…
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Cotton – Markets Do Not Move in a Straight Line
For the last ten consecutive sessions cotton prices have been in the red shedding 7% within that time frame. Futures are within spitting distance of posting fresh 13′ lows closing under 80 cents/lb the last two days. A 100% Fibonacci retracement puts futures in March near 75 cents though I believe the red horizontal line…
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Crude oil – $108 is the Line in the Sand
High to low on the week Crude oil jumped $6/barrel but front month futures failed above $108 just as that level capped upside on 7/19 and again on 7/22. Crude oil fell short of its contract highs by 11 cents and has traded south since. Early support came from upbeat news out of China and…
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The Commodity currencies not out of the woods yet
Energy: Crude oil finished higher for the fourth consecutive week trading within pennies of the $109/barrel level. It looks like an overstretched rubber band in my eyes that should snap back very soon. Those willing to accept a little risk are advised to buy September $100 put options…currently near $500 per. It is apparent I…
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BOT Wheat – Will $7/Bushel again act as a Floor?
In the last week December wheat futures have trade lower by 30 cents/bushel and are flirting with the $7 mark. As seen in the chart below this level has served as support for the last four months. On every attempt to penetrate this level buyers have defended $7/bushel. Past performance is not indicative of future…
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The Trillions of dollars question…Will the equity rebound have any follow through?
Global Economic Calendar June 25th-26th 2013 *Actual data releases for today Data release times are in GMT or specified US EST (Eastern Standard Time) Figures posted are estimates unless specified otherwise Data in italics-high potential to influence markets Click here to see video for weekly Economic Calendar (Use Windows Media Player for best…
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Nurse Copper is Checking the Global Economies Temperature
Media pundits typically refer to copper as “Dr. Copper” as its price action is used to deduce the overall health of the economy but in the age of equality…it is 2013 today let’s refer to copper as “Nurse Copper.” Prices are down 10% from levels seen 6/5 when we started to roll over but two…
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Azucar Not so Sweet for the Bulls
In the last 18 months as one can see on the chart below sugar has been trending lower depreciating 30% dragging futures to their lowest levels in three years. There is no denying the direction of the trend and until we see prices retake the down sloping trend line we are grasping at straws. However…