Tag Archives | Fibonacci retracement

Metals Complex…a Rebound Underway

I follow and have the ability to trade 5 different metals…in no particular order gold, silver, palladium, platinum and copper. For the most part I am most active in gold and silver with clients, use copper to help navigate other trades interpreting the overall breadth of the economy and rarely do clients trade palladium and […]

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Corn/Soybean Ratio Spread

Relative (ratio spread) trades can work if one commodity moves in the proper direction big and the other does not move at all, both underlying commodities move in the correct direction small but consider this two separate trades and the misconception that spread trades are less risky than an outright is flawed in my eyes. […]

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Bearish Engulfing Candle in Gold

Energy: All yesterday’s gains were given back in Crude oil today with losses of 1.75% putting prices under $92/barrel. The 50 day MA has capped upside the last two sessions and until July gets above $94 expect sideways to down action. Above $94 I am a lot friendlier. I continue to trade my bias on […]

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Grain markets got creamed

CBOT wheat prices peaked in early November of last year. Since then prices have lost over $2 a bushel. “Meh – what’s $2 a bushel,” you ask!? How about $10,000 per futures contract! That’s a pretty big move; especially considering you can trade wheat with a margin commitment of just over $3,000 per contract. Of […]

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Live Cattle vs. Lean Hogs – The Carnivore Trade

Today I see a spread trade setting up. Vegetarians need not apply. For meat eaters chomping at the bit, I’m looking to go long live cattle; short lean hogs. But first, let’s take a look at the two commodity markets separately. I think June live cattle have found support at $120.00. After trading lower by […]

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Bonds triple top in the making

Energy: Crude oil got back nearly half of yesterday’s losses higher by just better than 1% as of this post. Prices are back above the 8 day MA which should continue to serve as a pivot point. At this juncture I am neutral on Crude oil as I think prices could go $3 in either […]

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