"Sufficient Underlying Strength"

Thursday. October 30, 2014 The Federal Reserve finally brought an end to their asset purchase program, which had a negative impact on Oil prices. The move surprised no one, as this was the central bank's target sunset period for the... Read More...

Copper Rallies as Potential Mining Strikes Loom

Wednesday, October 29, 2014 Speculators have remained short the Copper market but may be in the process of curtailing their net-short positions. The most recent Commitment of Traders report shows that the combined net-short position of non-commercial and non-reportable trader's... Read More...

Sound as a Pound?

Tuesday, October 28, 2014 The British Pound has suffered heavy losses since July, but prices seemed to have been stabilizing in recent sessions. Traders have viewed the decline in exchange rate as excessive, which has squeezed some shorts out of... Read More...

Cotton Bears Take a Breather as Prices Consolidate Above Lows

Monday, October 27, 2014 The October USDA crop production report forecasted U.S. Cotton production at 16.3 million bales, which was down 2% from last month's estimate, but still over 26% last year's total. The International Cotton Advisory Committee lowered its... Read More...

Coffee Prices Cool but Bullish Fundamentals Continue to Percolate

Friday, October 24, 2014 A large long position being held by speculators may contribute to further price weakness in the short-term as weak longs are forced out of the market as prices move lower. The Commitment of Traders (COT) report... Read More...

Treading Water

Thursday, October 23, 2014 The Copper market has had a choppy few weeks of trading due to turbulent stock market activity and uncertainty in the Chinese economy. The extreme volatility in equities shook some longs out of the commodity markets.... Read More...

Sugar: A Bull Market or Bull Trap?

Wednesday, October 22, 2014 Large and small traders have a mixed opinion on the direction for Sugar prices, although neither side is placing much stock in their opinions. The most recent Commitment of Traders report shows non-commercial traders holding a... Read More...

China Beats GDP, but Oil Glut May Temper Bulls

Tuesday, October 21, 2014 The Crude Oil market got a boost in early trading after China reported better than expected GDP numbers. Chinese GDP grew at a 7.3% pace in the third quarter versus a consensus estimate of 7.2%. Also,... Read More...

Not so "Golden" Anymore"

Monday, October 20, 2014 For those traders who really take a long view of market trends, looking at the monthly continuation chart for Gold futures, we notice that the bull market that began back in 2001 when Gold prices were... Read More...

Volatility has returned with a Vengeance

Friday, October 17, 2014 Looking over the price movements in several of the major futures markets this week, I noticed that price movement was, in most cases, contrary to the positions being held by large speculators, For example, we saw... Read More...