Live cattle futures have recovered all the losses from the Tyson
plant fire in August. The market now stands at solid resistance from a prior
chart consolidation and a 62 percent retracement from highs back in April.
I still see the market as being bullish. The fundamental side looks good as packers still have solid...
All eyes are on the August 12th USDA crop report
for corn futures. The question is how much the USDA will cut the estimated
production for the 2019-2020 crop year. Analyst estimates are averaging about
13.19 billion bushels. Where the number comes in will likely determine the
direction of the market for the near future, which is no surprise to traders....
I believe gold prices will move higher over the long term,
but there are some warning signs in this market that I can’t ignore. The most
notable one is the outside bar reversal on the weekly charts at the beginning
of September. I also get the feeling that the general worry barometer has
dropped in recent weeks and that can be...
If you are expecting the gold market to hit record highs
again, it could be a better strategy to use a spread trade that consists of buying
silver and shorting gold. This may go contrary to logical thought, but it has
to do with silver outperforming gold historically in the acceleration phase
toward record highs.
Another Bull Market
in...
“The trend is your friend.” That is a statement that has
been circulating among commodity traders for a long time. It simply means that
you should trade with the trend of the market to help increase your chances of
success.
What is a Trend?
A trend basically means that prices are steadily moving
higher...
