It could be a very volatile week ahead as the market deals with factors that could slow US economic growth in the short term.
Coffee
US Economic Outlook Pendulum Swinging Towards Less Growth
For most of 2017, equity market gains went hand-in-hand with expectations for improving commodity demand.
Global Growth Outlook Positive; Commodity Bottom!
Commodity markets appear to have put in a significant low on June 22nd, right into the crude oil low and also in line with the first day of summer.
May 17- Taylor Trading Buy Day in Coffee Futures
In last night’s edition of Swing Trader’s Insight I labeled the coffee futures as a (Taylor Trading) Buy day, and I reiterated this call in this morning’s STI watch list. It took a while for the trade to form up but it ended up going well. There were a number of Taylor Trading signals for… Read more.
Disappointing Trend and Sensitive Commodity Markets
Consumer spending in the US grew at a 0.3% rate in the first quarter, the smallest increase since the fourth quarter of 2009.
The Environment for Physical Commodities Could Be Negative in the Coming Weeks
While the inevitable happened in the March FOMC meeting, the reaction in the dollar was very surprising and was modestly supportive to a number of commodities.
January 31- Breakout Trade in Coffee Futures
Coffee futures had a breakout setup for Monday. It ended up having a smaller range on Monday and it was a doji bar as well so the breakout setup carried over to Tuesday. The result was a big range move today. Coffee is one of my favorite markets for breakout trades so on Monday… Read more.
The Cullen Outlook – Formation Finder UPDATE (Coffee)
On Thursday afternoon 1/26, we pinpointed getting SHORT this market if we broke below the 151.00 area (view that video if needed) “Nothing like a Coffee trade on a Friday!”
Evidence of a Recovery Unfolding in Europe and China
As we mentioned several weeks ago, the steady rise in interest rates is soon to become an issue for a number of markets.
The Cullen Outlook – Formation Finder UPDATE (Coffee)
We highlighted the BEARISH ENGULFING candlestick on Tuesday. The Bearish Engulfing Formation is #11 in my new candlestick guide. So what is it? More importantly, how do you trade it? What other formations should you have in your arsenal?