Metals leading, bonds finding bottom, dollar weak, equities stalled at long term trend-Nice volatility among cmmdts

What does coffee and sugar after a LowTradingRange in 1d, 2d, 3d, 4d and 5d?

 

Heavy activity in W and C. Everybody is covering the weather expectancy. The long trade in W would have been profitable and now it has a sell signal for the opening of tomorrow.

Volatility is getting in the grains, firstly a long time ago with S, now corn is the one big fish pending to get in the party.

 

Buyers were dominant among most of commodity sessions excepting KC which had divergence closing up at 131 but with a selling dominance, let us not forget that this soft is on existential quest around is long term trends and option surface indicating a lower price expected after third quarter.

 

Wheat: Head and shoulders pattern

image

 

MOVING AVERAGE SCORES

GRAINS 2.02

ENERG 2.5

SOFTS  1.71

METALS  3.8 [watch hg]

DJAIG  3.5

avg  2.5

bolsa 4.0

 

image

 

image

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s