With monthly volatility at time lows and several decades of base building, the Japanese Yen looks set for a historical bullish run against the dollar. p.s. Happy Thanksgiving!
Should break substantially either way in the next few days.
This is a long term call on energy. The sector is nearing extreme oversold levels that previously led to long term bullish runs.
A simple broken wedge and retest on silver. Ag has a mind of its own so a tight stop-loss should always be considered.
Well coordinated timing/price confluence in the 30year treasury. It was a perfect setup right at the start of new year until jan 31 when the high fib extension was reached. It may revert back to the lows shortly.
A possible recovery off the panic selling lows going into February....
Palladium is the most overbought asset class, its time for the unwind.....
30 year Bonds are now at the top end of a multi-year downward channel. Keep in mind that bonds do tend to follow channels and trend lines over the long term. If this channel holds bonds may be in for significant selling into 2020 and beyond all the way down to the bottom of the channel.
Farmers often will not sell into low fall prices, and with the corn crop being is poor condition this year I think we may see about 5$ corn by the end of the year due to poor overall crop conditions and farmer hoarding. Doubly so if we get a cold snap is the near future.
Strong support around 60$ on lean hog with more positive trade news suggests movement higher into the holiday season
With the yearly high of 66.6 still holding, crude appears to be heading downward. Continuation pattern would suggest 45$ by the end of August.
The double top at 55.5 in spxl suggests that the sp500 is heading lower. My guess is that we will see a retracement to the .5 level to close out the summer.
The weather market is probably not over yet so I am predicting about 6$ wheat by the end of summer/harvest.