Thanks to a recovery in Crude Oil, that has influenced all the commodities, the price of cocoa has recovered something during the past week and closed the week at 2775 dollars/ton. The start of the past week really wasn’t convincing, prices ulteriorly felt to lowest level for a year, caused by the negative processors data for the 4th quarter 2014, published the...
In the long term it is no discussion, the trend is down. Also in the short term the trend is negative, but last week’s recovery was enough to reach the upper limit of the trend at 62,12 cents/lb.; if the market attacks this level with success, the passage towards 65,50-66,00 cents/lb would be open, with the possibility of a change of tendency. More Commodity...
The long term trend reflects the situation of the harvests of oranges in Brazil and the United States. In fact the production is shrinking since 4 years and there no signals of improvement. Since May 2012 the price of the concentrated orange juice is in a slightly uptrend, in the short term instead there is the opposite dynamik… but always remaining inside of...
Technically we assisted to a truly interesting week. Having failed to break the support at 44.00 dollars, the operators hurried to lock up the profits of the slid weeks, provoking a jump in the price of almost 10 dollars. The chopping prices continued for all the week, that has restored several technical pointers, like the RSI (that marked an overheating of the...
If Live Cattles or Feeders, the exorbitance in the markets of the bovine meat has carried to a sensitive price decrease at CME. Also in the supermarkets there was a change in demand; consumers buy now cheaper cuts of meats, it’s simply too expensive! Only the foreign demand remained constant From the technical side, the live cattles, after the exorbitance that...
Instead of looking the curve of the price for lean hogs in the short term, which shows a most obvious down since July 14, I noticed that in the long term this market is in a Bull-Trend from 1999. The consumption of the porcine meats has constantly increased in the last 10-15 years, favoring also a grow of the US meats production, that has reached industrial...
The long arms of the Crude Oil recovery also affectet the coffee traders. They are holding over the support line at 155-160 cents, but the trend remains down. How long will the market hold this level? Fundamentally, after 2 years of production deficit and with the risk of a third bad year in a row (first time since 1965), coffee could easily recover to over 2.00...
The reaction in crude oil affected many other commodities, first of all Copper. Copper was knocking at the very last support at 242.35 cents/lb last week, and all fundamentals add pressure daily. Technically, if march copper doesn't break the key-point at 264.60 shortly, the pressure will become even bigger and the support @ 242 won't be able to hold...
Gold futures is trading in a relatively thin range, the range shows a triangle pattern. The move upwards from november 14 was the beginning of an uptrend, after the triangle pattern formation, we should see another break to the upper side. So, it makes sense to go long by placing a stop-loss or parachute under the support @ 1250, in order to limit the loss at...
Feeder Cattle exaggeratet late 2014 and passed 2.40 $/lb, now the trend turned from up to down. At moment trading around 195. 130 c/lb is possible within the next 90 days, more to follow... Stocks are building up, Beef wholesale prices are too high and US citizens are changing their attitudes, and the majority technical indicators are deeply south!!! Possible...
What does this technical move... is it really over and Crude Oil falls under 44, or can we still hope? Market is still over last week's level, so...don't panic! Higher volatility is nothing than normal after such a big move down during the last weeks... Keep the market on eye.
Pay attention to Crude Oil Futures. The move looks similar to 2008-09... Check our Weekly Commodity News on www.swisscommodity.com: "...All, but really all the news in circulation are negative… and exactly this fact induces to me being cautious. The markets, any instrument it features, é “very rarely obvious” and too evident situations often carried to opposite...
In July, due to a PED virus in the US, Lean Hogs Futures trades at a record high of 1.339 per lb, Now, 6 month later Lean Hogs are trading at 67 cents, 50% lower....and it's still extremely bearisch, fundamental AND technical. Check it out, Monday's Weekly Commodity Report keeps you informed.
Abundant global supplies and a record production should lead the wheat price further down in direction 4 dollar per bushel. The trend is intact, we're stepping back to the levels 2009-10.
It's all too negative in Crude Oil, fundamentals and public opinion's only speaking on how low will this market fall. My experience teaches me that the markets are far not so obvious as they seem to be. I wouldn't wonder if the traders manage to turn the market soon.