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Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below… Read more.
Went long the Japanese Yen contract this week.
The USDA will release their May WASDE on Wednesday the 12th at 11am central. The May WASDE tends to be a big report because this is the first time the USDA includes new crop supply and demand tables for new crop. We go over the industry analyst estimates, what that means for prices, and where we could see some surprises. The spec trade is very long, prices are high, and we have a long way to go before this new crop is made.
The Trade Spotlight advisory service consists of three segments covering futures, futures spreads, and commodity options. The commodity markets are analyzed by applying our methodology and recommendations are delivered to you based on our trading philosophy. Our technique is to track specific chat patterns for breakouts and apply key technical indicators to confirm the trade setup.
The Trade Spotlight advisory service consists of three segments covering futures, futures spreads, and commodity options. The commodity markets are analyzed by applying our methodology and recommendations are delivered to you based on our trading philosophy. Our technique is to track specific chat patterns for breakouts and apply key technical indicators to confirm the trade setup.
Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below covers… Read more.
US farmers will most likely plant a majority of their corn and soybeans over the next three weeks. The May 12th WASDE will report new crop supply and demand numbers for the first time this year. Domestic old crop stocks are tight but the US is overpriced on the global export market. This all points to a big choppy trading range for the next few weeks and we have some idea on how to trade it.
The target for my ESM21 long position was hit this morning @ 4200.00 while the market made another All-Time High!
Corn and soybean oil closed limit up on soaring cash values
Following 2 sessions of lower equity prices, ES futures have found support at 4110.50 and reversed. Buyers have regained control yet again.