Commodities

Gold Chart Update (GLD): Back In A Trading Range

The last 2 months haven’t been kind to Gold bulls. The precious metal appeared to be breaking out in early September, but that breakout attempt failed miserably. Today we’ll take a look at the chart of the Gold ETF and provide an update. SPDR Gold Shares ETF (NYSEARCA:GLD) The Gold…

S&P 500 Futures Trading Outlook For November 20

Stock Market Futures Trading Considerations For November 20, 2017 The S&P 500 (INDEXSP:.INX) is trading slightly higher on Monday morning as bulls are hoping that holiday seasonality brings another market rally. Check out my futures trading commentary and key price levels below. Note that you can access today’s economic calendar with a…

COT Report Spec Positioning: Record Net Longs In Crude Oil

The following are charts and data showing non-commercial futures trading positions as of November 14, 2017. This data was released with the October 17 Commitment of Traders Report (CoT). Note that these charts also appeared on my blog. The 4 charts below look at non-commercial futures trading positions for Crude Oil, Gold, and…

Will Ailing Miners Lead Silver Prices Lower?

At the end of August, I wrote pointed out that Silver futures prices were not keeping pace with Gold.  I posited that the “gold breakout” that precious metal bulls were losing their heads about might not be ready for primetime. You can read that post here.  I was a week and…

Should Investors Believe The Oil Hype?

The geopolitical backdrop in the Middle East is fluid to say the least, and this fluidity has helped the black fluid undertake what is looking like a potential upside breakout as the news/noise levels remain high. But do you believe the hype? In this article we check out a chart…

Copper ETF (JJC) Poised For A Steep Price Correction

The strength of the Copper rally during the past 13 months has convinced us to move the bigger-picture bullish count to the forefront. Even so, Elliott wave considerations and calculated price resistance suggest a sizable downward correction is due for Copper and the Copper ETF (NYSEARCA:JJC). In autumn 2016 copper…

Futures Trading Outlook For November 8: Markets Still Bullish

Stock Market Futures Trading Considerations For November 8, 2017 The S&P 500 (INDEXSP:.INX) is trading mixed in Wednesday morning trade. The markets are digesting gains of the past several days and look a bit toppy short-term. However, as long the price action makes higher lows, the trend is up. Important…

6 Charts That Show The Global Economy Is Flourishing

The Following Post was written together with Arun Chopra of Fusion Point Capital We all know it’s a global bull market. Economies across the globe have been suggesting strength to market participants all year. And of late, we’ve really seen signs of economic expansion spill over into ‘proof in the…

S&P 500 Futures Trading Outlook For November 6

Stock Market Futures Trading Considerations For November 6, 2017 The S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) are trading slightly higher on Monday morning as traders begin the new week. Important trading levels and futures market commentary can be found below. Check out today’s economic calendar with a full rundown of releases. S&P…

US Corn Futures Weekly Market Outlook: Demand Stalls

Trade volume and volatility on December U.S. Corn futures has been weak, mirroring a similar sentiment and reality on the demand side. The corn market looks like it needs more time to digest its supply side issues…  but there’s a lot going on. Let’s review and discuss the week ahead….