Stopped out of the Currency positions, initiated a position in the Ten-Year Notes, and trailed the stop loss lower to reduce the risk on the Chicago Wheat position.
Chicago Wheat
Trade Spotlight: Futures – Weekly Summary: Currencies, Wheat
Trailed the stop loss lower on the short Euro FX position. Holding steady on the Canadian Dollar and Chicago Wheat positions.
Beyond the Spotlight: February 1, 2021 (Euro, Wheat, Notes)
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.
Trade Spotlight: Futures – Weekly Summary: Wheat
Stopped out of the short Chicago Wheat futures contract.
Trade Spotlight: Futures – Weekly Summary: Soybeans, Wheat
Long the Soybeans futures contract and moved stop loss to lock in profit. Still working the Wheat sell order.
Beyond the Spotlight: August 10, 2020 (Wheat, Copper, Bonds)
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.
Trade Spotlight: Futures – Weekly Summary: Wheat, Soybean Oil
Stopped out of the Soybean Oil contract. Working an order to sell the Chicago Wheat contract on a pullback.
Market Reaction to Payroll Could Leave Commodities Vulnerable
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Volatile Week Ahead, Growth in the Long Run
It could be a very volatile week ahead as the market deals with factors that could slow US economic growth in the short term.
Will Economic Sentiment Improve?
Given the widespread deflationary liquidation wave of late and a lack of upbeat scheduled data flows, it is difficult to call for an end to the weakness in industrial commodity prices.