See technical analysis that led to the trade in the August 2019 Soymeal.
Soybean Meal
Familiar Support in the Soybean Meal Market… You Know What that Means!
The Soybean Meal market has traded down to this 305.0 – 302.0 level a few times in the past few months. Have a look at the subsequent price action in December 2018 Soybean Meal (ZMZ8) and let’s get involved!
Continued Global Uncertainty Creates Eventful Trading in Commodity Markets
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…
Is a Major Commodity Shift in Motion? Economy Sees Signs of Inflation
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…
Major Test of Bull Market Underway
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Potential for Important Low in Commodities Despite Global Equity Gains
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The Cullen Outlook – Formation Finder (Soymeal) 10-16
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!
Markets Exhausted, Significant Lows in Grains
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.
Economic Uncertainty Increase, Negative Environment for Physical Commodities
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.
The US Fed Moved to Hike Interest Rates
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.