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 […]
FCOJ still costs me the same at Wholefoods but should we not see a discount being futures are lower by 20% in the last five months. The line in the sand appears to be $115 the same level that has served as support on all attempts in 13′. I am expecting the lower red horizontal […]
Gold is down 23% ytd in danger of having its first losing year in 13 years. More alarming is the drop we experienced in April dropping $200/ounce in just two days and the drop in Q2 which amounted to a 24% depreciation. The velocity of the move is staggering and investors in this complex need […]
The OJ market has seen a sharp move higher today and we are reading this as a short squeeze. We could see it go a bit higher but with the 2007 hurricane season ending with no hurricanes in sight. the fear that has kept this market up should begin to come out. Our Proprietary models […]
OJ had been on a very long term up trend since 2004, but that trend has now decisively broken down. It is now making a classic bear flag as you can see on the chart below. This market is destined for a much deeper correction after the huge run up it has seen. A 50% […]
OJ has been trying unsuccessfully to break through resistance for some time now. We have already seen a substantial rally in the OJ market and just like the stock market a healthy correction is needed. Notice on the left side of the chart below all the gaps that this market left many months ago. Any […]
