Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
Information and education can cost a trader a lot of money whether it be related to trading stocks, options, ETF’s, or futures. And then at the end of your journey you wonder if you truly learnt anything that allows you to go fish. After all, trading ought to be approached just like a day job. You never go to work and come back home and reflect on negative income.
USDAs WASDE report was out on Friday and given the weakness in price for most commodities which pushed lower and below all our playbook profit targets, we were compelled to look at any that offered some short term trade opportunities. Soybean oil stood out more than Oats which was our second favorite for a move … Continue reading “Is there a long trade in the Agri sector?”
Gasoline futures customarily never trade in a vacuum always aligning with the price of WTI Crude unless we are during periods of refinery maintenance. This post is related to a trade idea related to gasoline futures and while other distillates such as heating oil have provided better opportunities following the weather conditions, there is a … Continue reading “Gasoline futures could bubble up from here”
Overall stocks of Soybean Oil derived from the Soybean crushed seed has fallen y/y while prices have risen quite drastically during the same period. Today’s WASDE report appeared bullish for Soybean oil which appears to have initial and secondary resistance at 83.51 and 84.49 respectively. Per the WASDE report the 2022/23 outlook for U.S. soybeans … Continue reading “Soybean Oil post May WASDE report”
