Crude oil futures have been under pressure in recent weeks,
as the news and fundamental picture is growing more bearish. The trade war with
China has pressured the market along with a rising dollar and weaker outlook
for demand worldwide. The biggest issue might be the prospects for the “oil
glut” to continue to grow, as the US continues to pump...
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....
“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...
The price of gold has been trading sideways to lower during
the last couple months. This is typical of the gold market after it has a
strong run higher and it just can’t get the steady flow of “bad” news to
support the ever-increasing prices. Prices have started to bounce slightly in
this long-term bull market, but this might not be...
The lean hog market has frustrated some traders this year
and made the year for other traders. It is all about how to read the market
properly. Granted, the livestock markets are not always easy to read in my
opinion, but they offer some good trading opportunities. The underlying story
here is that China lost a large portion of the pork...
