My Silver Tudor Jones Employee Cup given out in early 90’s.
Crude- steady on the year might be simple enough if you have not been short and think the US is
CBOT Wheat Pit when they used human traders.
energy dependent, or more than before. The event that just crushed shorts could seem like a good short since I can make a case that nothing has changed. Notice the relentless pattern denoted by the red diamond. If looking to short and I always say new high stop max, but watch these levels.
Sure demand is up but that really has been for the last year if I am correct.
Lumber- This is over a 442, sell level and does not appeal to me. This may be a little overshoot due to how small this futures market is so let’s pay attention especially with the roll. Lumber is like Spu’s in that they only slow the accent and do not break in any meaningful way. Are the insurance companies buying lumber as a hedge? If you like abstract ideas that sometime hit the wall then let’s chat for a few.
HOGS- DID THIS FAIL AT THE OLIVE SELL? SLOPPY BUT INTERESTING. CRUDE- NOT DISPLAYED HERE BUT CRUDE GOT OVER A THICK OLS AND RED DIAMONDS SHOW THE EXPLOSION TO UPSIDE IN THIS PATTERN YOU CAN SEE CLEARLY HERE. GET IT? IF NOT THIS may be the place for you
Rice- This held good lows last two weeks if you’re a user. It is just a decent level 11.43 and this train may be leaving station. Silver- buy it when it crashes, it seems to do it all the time in my opinion. Coffee- Commodity funds feel like they are selling to infinity? Is that what is happening to volatility to finance the budget deficit?
Oats- $2.31 was low OLB and even though we broke 25 cents this feels glued to the highs. What’s up in oats?
Live Cattle- Once this took out 120.60-ish it was ‘all shorts out of pool’ A new level might prove to spill Dec LCZ as it seems the huge buyer on gap over my level may have liquidated. This happens as a big player bought 10,000 cattle and then on other post when algo sell was detected they got out as shorts paid up.
