Olive Line – Currency, Meats, Grains

Alan Palmer Currencies, Grains, Livestock Leave a Comment

ARP HERE, There continues to be chaos around the globe due to uncertainty regarding the currency relationships. There has been much movement in the currency pairs over the last 6 months. CURRENCY The dollar 95.55 nl(neckline) rejected. This could be a possible top in my opinion. MEATS It is one of my thoughts. Don’t be afraid to fade public opinion. …

WAS THIS TOP? Take the money and wait for next extreme? In Cotton next

Alan Palmer Currencies, General Commentary, Grains, Livestock, Weather Leave a Comment

WAS THIS TOP? Take the money and wait for next extreme?  In Cotton next. MEATS- All different months have different looks, month settlement px.s etc.  If your looking in a back month ask for levels. FEEDERS- we are now up almost 700 off the OLB, number that hurts most traders, the olive line. KC- your on your own now as …

Gold Pulls off Monthly Highs

Michael Bullion Currencies, Precious Metals Leave a Comment

Gold retreated today in a continuation from Tuesday, falling from monthly highs seen on Monday.  Markets seem to be getting more comfortable with trade negotiations and geopolitical risks as Trump has been willing to negotiate with individual countries, and there are even inklings that North Korea may be amenable to denuclearization.  This is turn strengthened the US dollar and further …

Gold is the New Green

Michael Bullion Currencies, Precious Metals Leave a Comment

Gold continues its recent advances settling in the green to start the week posting new monthly highs at the same time.  Geopolitical tensions and a weakened dollar remain the main reasons for price support for the yellow metal.  The USD slid this morning to a one month low despite easing tensions with China over tariffs.  Gold keeps its momentum going …

Metals on the Move After FOMC

Michael Bullion Currencies, Precious Metals Leave a Comment

The FOMC met the last two days and just released their commentary showing an as expected quarter point raise to the fed funds rate.  This was a much anticipated meeting as this was Chairman Powell’s first quarterly meeting as chair and first news conference.  Because of long liquidation and profit taking in the USD, which was in the red prior …