Tag Archives | Ratio spread

Gold Futures chart for August 20, 2013

Gold – Yellow Metal Running into Resistance

In the last two weeks gold has put on better than $100/ounce trading to its highest level since mid-June. Upside was capped at its 100 day MA (red line) and trend line (blue line) that has been present for all of 13’. More impressive has been the move since bottoming on 6/28 at $1183 as […]

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Cotton Futures chart

Cotton – Have we Priced out Exports for the Moment?

Adverse price movement can affect exports levels in commodities. In other words if prices are low enough it may entice higher exports while prices appreciating too high have the ability to discourage exports. Cotton futures are flat today as of this post unable to make it to the previous session’s highs. Net export sales for […]

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Crude oil futures, August 2, 2013

Bullish engulfing candle in 10-yr notes

Energy: Today’s chart of the day was on Crude oil…give it a read. If we see follow through into next week it will confirm for the second time that $108 is stiff resistance. I am operating under the influence that is how we play out and this could drag futures under $100/barrel. As of this […]

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