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Global markets finished an eventful trading week last week with a mildly negative tone, as signs of progress in US/China trade discussions were followed by negative comments late last week that indicated both sides remained far apart. But there were some signs that…
A major shift in the commodity environment might be in motion. Strength in energy prices has not only surprised the trade, it has also strengthened fund interest in the commodities. A potential massive inflation development could come…
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I like taking a relative cheap shot here on a possible reversal. Risking just over Friday’s high. It either turns around or we step aside quickly. TRADE IT WHEN YOU SEE IT…Let’s Go!
Global markets have not regained a “risk on” tone, but they are showing signs of looking beyond the turbulent events of the past few weeks.
It figures that just when it appeared as if positive equity market action and significant weakness in US Treasuries were about to confirm growth in the US economy, the US economic numbers turned sour.
Not surprisingly, the US Fed moved to hike interest rates last week, but the markets were somewhat surprised by the hint of three possible rate hikes in 2017.
There is a trade opportunity based on a Trend Line breakout today in the Soybean Meal futures market.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.