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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.
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From a positive perspective, the latest US nonfarm payroll readings have extended the slow, gradual improvement in the economy.
In retrospect, the recent sharp declines in equity prices and significant pressure on industrial commodities were justified by disappointing US scheduled data and the Fed’s move to notch interest rates upward.
I wanted to take a few minutes and discuss a trading formation, THE BULL FLAG.
Looking at a weekly or daily chart of the Goldman Sachs Commodity Index (GSCI), commodity prices seem expensive.
The markets have now “reflated” and have partially corrected!
This is a sample entry from Tom Dosdall’s newsletter, Technical Ag Knowledge, published on Monday May 23, 2016. **Crop progress numbers will be released today @ 3PM (CST).** Ag Markets Jul ’16 Corn Corn is starting to look a little tired here at the top of the range and may need some fresh fundamental news… Read more.
The “talking heads” and “talking fund managers” are suggesting that the rally in commodities is done, unjustified and poised to be reversed.
We think that commodity markets were short-term and perhaps even intermediately overbought going into their recent highs.
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