Volatility cooled on Friday for both gold and silver as both traded sideways with spot contracts holding support levels into the weekend. Still, both metals contracts lost three percent for the week. It was a wild ride as both gold and silver traded significantly higher on Monday and Tuesday amid geo-political uncertainty and economic uneasiness. The gains quickly evaporated with both markets experiencing mid-week reversals …
Ag Commentary
The market wants so badly to believe in a bull market in the soy complex. Perhaps it plays out. It is important to note it is to early in the season to trade a drought in beans. In addition we have received ample rains. There is never a perfect growing season. However usually mother nature gives what is necessary. The …
Livestock Report
Live Cattle The August Live Cattle opened (117.75) below the 100 DMA (117.975) on Thursday, June 15, 2017 and dipped down to 117.10 before rallying to the high of the day at 118.50. It couldn’t hold onto the rally and the August contract fell to the low of the day at 116.975. Live Cattle recovered from here and ended the …
Soybean Complex: Two Outta Three Ain’t Bad
July Soybeans The soybean contract did not display the selling conviction I was calling for. This leaves me slightly perplexed. Todays early selling pressure fell short of hitting first support level of 920.0 and instead snapped back to finish at 934.6 with the high touching established trend line resistance at 938.4. A press above here (holding) looks to extend …
Thursday Macro wrapup, Oilshare etc.
Farmers and Traders, Speculators and day traders, Something for everyone so if your serious about trading let’s chat on how I can clean up some of your slop (slippage). The patterns my high end software that can help my customers detects consecutive patterns for a host of reasons. 1. Stay out of the way like meats on way up. 2. …
Ag Commentary
The soy complex traded both sided of unchanged. The weather has moderated, with more rains received than anticipated. The big story of the day was the gain in oilshare. The crush was approx. 6 million larger than anticipated. The oil stock are 200+ million lbs lower than a year ago. This plus the general strength in vegoil markets helped the gains. …
Full US Grain Weather Report
For the complete US Grain Weather Report, CLICK HERE For those interested in grains, Sean Lusk, Director Walsh Commercial Hedging Services hosts a FREE Grain Outlook Webinar every Thursday at 3PM CST. If you cannot attend live, a recording will be sent to your email upon signup. REGISTER NOW. If you missed last week’s webinar you may VIEW A RECORDING.
Daily Gold Report
Gold and silver futures fell apart in the afternoon session following Janet Yellen’s press conference. The Fed as expected raised rates a quarter point, however the Fed Chair’s comments were seen as hawkish and supportive for the Dollar. She left the door open for continued unwinding of the Fed’s balance sheet which means an unwind of their $4.5 trillion balance sheet …
Windy City Jim’s – Daily Trade Recommendations (06/14/17)
Please contact Jim Walters for Thursday’s trade signals. Windy City Jim 312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT Walsh Trading, Inc. is registered as an Independent …
Nat Gas, Sell Bonds, Fed goes 1/4% today
Bonds and notes ran right into these long term trendline resistance at the highs today. I suggest using these indicators and stay out of the sloppy action in between, the chop. Let’s see if bonds stop up here as inflation heats up. Nat Gas after olive sell in chart now has small olive buy. Under here look out below as …