July 16,2009

 

Most commodities seem to be in a reversal this week. Currencies, oil and gas, bonds, metals and stocks all took out the trend lines this week. Time will tell if they hold, but we are already taking positions.

Weather is still looking good for the summer corn, soybeans, and wheat harvest around the world. Corn and soybeans appear to have more potential to the downside, but should not see much action until harvest numbers begin pouring in. We look for more sideways actions in these markets. The wheat market could get more exciting soon.

 

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Happy Trading

Jim and Nathan

The information and opinions contained herein comes from sources believed to be reliable, but are not guaranteed as to accuracy or completeness. The risk of loss in trading futures and/or options can be substantial. Each investor must consider whether this is a suitable investment. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results.