Commodities

2018 U.S. Corn Market Outlook: The Bulls Wish List

With March corn futures continuing to languish well below $4.00 per bushel heading into 2018 and memories of $6.00, $7.00, and even $8.00 per bushel corn from 2012 and 2013 growing more and more faded by the day, Corn Bulls have been left to consider whether or not corn futures…

Gold Bulls Hope This Chart Pattern Leads To Big Rally

The past 6 years have been difficult for gold bulls. After the 2011 market top for precious metals, gold experienced a waterfall decline followed by a “lower low” and more sideways price action. Every rally seemed to stall out. Every hope was met with “not this time”. That type of…

Stock Market Futures Trading Update & Outlook – December 27

S&P 500 trading considerations for December 27, 2017 Stocks are trading sideways in early morning action across the major stock market futures indices. The holidays have brought quiet trading but our trading process hasn’t changed. See key futures trading levels and commentary below for the S&P 500, Nasdaq, and crude…

Futures Trading Update: S&P 500 Eyes Key Level, Oil Rests

Stock Market Futures Considerations For December 21, 2017 The S&P 500 (NYSEARCA:SPY) is recovering some of yesterday’s losses with a morning rally to start the day. 2700 is the big round number to watch again today – definitely some psychological trading resistance there. Once again we’ll watch how price reacts…

Gold Trading Near An Elliott Wave Decision Point

As we approach the turn of the year, precious metals appear to be at a decision point. In this article we look at two scenarios for the SPDR Gold Trust ETF (NYSEArca: GLD). Our deflationary outlook for the U.S. Dollar has us favoring a bearish Elliott wave count for gold…

Gold Seasonality Patterns Point To Next Bullish Turn

Since mounting an impressive rally in August, the Gold ETF (GLD) has continued to slide, shedding nearly 8%. It hasn’t been pretty for precious metals bulls. Much has been written about the technical weakness in the GLD charts across a variety of timeframes. The break of ascending trend lines in…

Natural Gas Prices Breakdown As Seasonality Weighs

The decline in Natural Gas prices has been stealth. And the correction may continue for a while longer. Natural Gas futures prices are moving lower yet again today. And this move lower has seen a key price support level fail (at $2.72). I highlighted this level in my last update…

Natural Gas Sees Lowest Close Since February

Prompt-month Natural Gas prices recorded its lowest close since February today. This comes amid milder weather forecasts as holidays approach. It could be tough sledding for Natural gas futures in the weeks ahead, as seasonality trends show the month of December to be neutral, and January bearish. The technicals aren’t…

Gold / Precious Metals Sector Could Be In Trouble Here

Back in early November, I shared a 6-pack of charts showing that Gold (NYSEARCA:GLD) and the broader metals sector were all testing key price support levels. Well, those price levels appear to be giving way to the downside. And this could be warning of lower prices to come. In the…

S&P 500 Futures Trading Outlook For December 6

Stock Market Futures Trading Considerations For December 6, 2017 The S&P 500 (INDEXSP:.INX) is trading near important price support on Tuesday morning. Stock bulls will need to defend 2620 on futures. In the commentary below I break down the trading setups for both futures indices along with crude oil. Note…