The Week Ahead

After a very active week trading the Agricultural markets last week, we are looking for opportunities to present them in the S&P and Crude Oil markets.

S&P June 2019 Contract
After a range suppression at the end of the week, as traders prepared to leave for the Memorial Day weekend, we are expecting recent news-driven volatility to resume this week. With this in mind we are looking for a move above 2870 to go Long and 2799 to go Short.
Light Crude July 2019 Contract
Crude is due for a move so we will be watching $61.30 to go Long and $57.25 to go Short.

Have a great week in the markets!

Pre-Market Set-up for May 14, 2019

US Treasury Bonds – June 2019 Contract
With recent strength in the Treasury Bond Market, we are looking for an entry point above 150.
Soybeans – July 2019 Contract
We believe the recent sell-off in Soybeans has been overdone and are looking for a bounce upward.
We are looking for a Long entry point above 818.75.
Gold – June 2019 Contract
Gold has been showing strength recently and although we recently took profits on a trade, we will be interested in re-entering this market if strength persists above 1315.00.

Post-Market Wrap-up – May 13, 2019

It was a turbulent day in the markets, as the Chinese announced their retaliatory responses to the tariffs imposed by the US on Friday. Below are our trades for the day.

Wheat – July 2019 Contract (10% Daily Return)
A nice recovery in the price of wheat allowed us to get in for a day trade. We were able to enter and exit for a 10% daily return.
S&P June 2019 Contract (3.4% Daily Return)
With the large overnight plunge in the S&P and the continued pressure to the downside, we had a Sell signal hit and were able to enter the market for a Short which netted a 3.4% daily return.

Pre-Market Set-up for Monday May 13, 2019

We are watching the following markets on this trading day:

S&P – June 2019 Contract
Having fallen over 2% this past week amid concerns over trade negotiations between the US & China, I believe this market will enter into a consolidation pattern this week. If I am correct and the market moves sideways, we will remain on the sidelines. If, however, the S&P shows strength and trades above 2930 (above the current area of congestion) or continues to breakdown and trades below 2826 (breaking the current levels of support), we will be looking to enter the market for a trade.

Soybeans – July 2019 Contract
Amid trade talk concerns, Soybeans fell 3.92% over the past week. Based on market fundamentals, this sell-off has been over-done and I am looking for a retracement of these looses to fill-in the gap left at 336 – 340. I will be looking to enter this market on the Long side if it recovers above 806.00.

Wheat – July 2019 Contract
Similar to Soybeans, Wheat has been a casualty of the current US-China trade talks. I am looking for a recovery above 438.00 to enter this market on the Long side.

Crude Oil – WTI July 2019 Contract
Amid growing world tensions and strong demand, Crude is trending upward. I am looking for a push above 63.00 where we will be looking to go Long.