In a trade that seems like it has taken forever to get going, we finally might be onto something here in March 2019 Silver. The RSI NAILED IT!!!
“Buying the rumor” was prevalent again today in the grain/oilseed markets, particularly in the 11:00-12:30 CST time frame.
Sampling from Sr. Broker Drew Rathgeber’s latest market overview regarding the Euro, DowJones, Emini S&P, Silver, Crude Oil.
The four month trend line support gave out in nearby corn futures today, likely triggering sell stops and encouraging some of the estimated net long 90,000 “managed money” futures and options traders to seek an exit over the short term.
In this week’s podcast we go over our thoughts on the stock market and why it tends to have a bullish bias over time. We talk about the range bound nature in crude oil and why we might be seeing some “buy the rumor, sell the fact” in Natural Gas next week. We dive into why cocoa and sugar might be bearish while coffee has more potential as a bull market. Then we wrap up with why we need corn to gain on soybeans for new acres and what to look for in hogs and cattle. Make sure you take a listen to Turner’s Take podcast!
Time to reward the market and move some stops…or take profits if satisfied. Well done to all those participating!!
Catching a nice move here, with the GAP OPEN! FIRST OBJECTIVE HIT!!!
Back from a long stretch not feeling well Drew Rathgeber and his time tested “Rath Overlay” weekly market update! Here you will see a quick 5 min. overview of all your favorite Future & Commodity markets.
Despite the lack of a January USDA report today, everyone should be focus on their next move once the government re-opens.