Commentary: The crude has followed through to the upside this week. The overall lack of demand is known. The abundance of crude above ground is known. The question now, Are the lows in? It was my thought a trade to 17-20 nearby would hold. The May traded to 1933. Is this enough, remains to be seen. The US now will …
May Crude Oil Futures and Options Strategy
Following the bullish trend in Crude Oil the May futures contract last at 59.34 can rally to potentially 62.00 and potentially 66.00 in my opinion. Buying futures at this level, 59.34 and risking $1000 of quantifiable risk plus fees and associated costs per transaction to enter the trade, risk is a loss of premium and fees, this puts the stop …
Crude Oil Strategy
Crude Oil fundamentals are pointing lower in my opinion, the Hurricane season is close to ending. Gulf platforms are back online, shale production remains strong, and data from the EIA per yesterday’s gov’t data is showing strong builds of crude oil. Also providing stability to the oil outlook in my view is both OPEC and non OPEC areas possibly promising …
AG TIME – Global Shock Waves
The day was fueled by talk of the big downs in stocks. Both domestic and all over the globe. Interesting. The US clawed back. My thoughts on the matter. The world is rebalancing. Plain and simple. The US is regaining its place in the pecking order. We have come from a decade of globalism, actually two decades. As President Trump …
AG TIME – Something for Everyone
A little bit different approach today. Variety is the spice of life. As they say. There is so much going on I thought I would comment on many of the things I look at although perhaps do not offer trading suggestions. “Jack of all trades, Master of none.” is hard to live by. But sometimes pays dividends. Food for thought. …
SOMBER DAYS, SUBDUED MARKETS, FADING OPPORTUNITIES
MARKET BACKDROP: Hello readers. First, I’d like a moment to briefly acknowledge and honor the memory of those who we lost 17 years ago on September 11th in this written material. I know that’s a very solemn and heavy way to start off, but I felt it necessary, and I thank those readers who took a moment for that just …
Crude concerns
Crude Oil Hits $70 for the first time since 2014 The recent run up in crude oil continued on Monday , with crude oil futures nudging above $70.00 for the first time in 3 1/2 years. June crude put in a high of $70.84 before falling under $70 a barrel later in the session. The supply story appears to continue …
Metals- continue blast up, off olive buys, now diamond pattern up.
US dollar- showing its true colors folks. The FED wants inflation? It’s a coming in my opinion and the dollars that will be sloshing around may get untenable but that exciting part is in future. 92.61 is a TL and everyone is bullish. Call me 100 lower when panic and chaos algos start to develop. See prev $ chart. LUMBER …
PER-THANKSGIVING Chart Outlook
Let’s give Thanks, confidence in System? Change, FRB Yellens’ natives getting restless? Yield curve flattens. 2 year i rate closer to tens before yearend, .60-ish Is this this markets players ready to blow or maybe flip, long bonds like in Summer 2016 at highs? My diary had a $40.5bil player flip long at those 2.08% all time lows in rates …
Todays action, Pre USDA thurs.
Good Afternoon, As we near this week’s USDA here is a look early in the week. Back month beans look much more constructive than the Nov contract as we await the end of harvest. I like wheat last week and now we are putting in the head and shoulder bottom, see 447 7/8th’s trendline. Wheat also enclosed looks …