Jul 132017
 

Here ya go. Enjoy folks!

I know it’s tough to see what the deal is so here’s the weekly chart.

A $20+ gap! The fucking piece of shit filled the other fricken huge gap. It’s total insanity.

I know it’s tough to see the magnitude. So here, let me make it real easy for ya.

Jun 132017
 

So in my quest to fill my cranium with knowledge on every single aspect of every commodity I came across something interesting that might be huge in my trading future. So not only am I keeping a close eye on multiple contracts but I want to see what happens to the open interest as time goes on and right now I’m noticing a big difference in an occurrence in crude that might be huge. Notice the front month contract of crude.

Is crude interesting?

I’ve been noticing that when looking at commodity charts that the open interest has been going up a lot on big moves down, which has confused me, and as the time fades on this crude front month JULY contract we see the open interest flush out of it. But what drew me to noticing this was looking at the contracts that are further out.

Now on this AUG contract we can see a considerable difference in open interest as if maybe they are rolling out of that JULY and right into the AUG. Maybe I’m wrong but let’s look a out a bit further.

and surprise surprise! We see a little lift on both the open interest and positive price action. I’m thinking the funds may be slowly rolling contracts.. But are they long contracts..? Well, it kinda seems like they may be pushing up the price a little bit but not to much. So how about we just take a look at the open interest big picture.

So there ya go..  Now we have the bigger picture of whats going on. But lets even take it one further cause you can never cut your trades short when it comes to being informed. The COT will take our trading to the next level.

Ok, so now I can see something kinda of interesting. When looking at the crude COT you always have to keep an eye on the swap dealers. They aren’t all that important in most commodities but in crude they are HUGE! Swap dealers and Producers are the sell side of the market and looking at this chart we can see them add to their short position which would usually mean that there could be some future bullish price action coming up. Now some of the CME floor traders are talking about the low 40’s for crude. Ok! well that’s all and good but when swap dealers are adding to shorts I would be very cautious shorting here.

So now we have the big picture and in conclusion,, I have no clue. But I can say keep an eye on the spread and I guarantee you will find an amazing trade. If they roll into a hefty long position, which they are currently in and adding to, it will be a huge move and the spread will show you what is actually happening. Now I think they may slam the front month down as they pile into the further out contracts, continuing to hold long positions,  so I’ll be looking for a couple opportunities to trade the spread back in from -1$ as the front month will be moving faster than the back months. But shiot, I donno…

Good luck!  ~J

We’ll be talking about this on Trade Buddies Live. Join the conversation by tweeting with #TradeBuddiesLive.

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May 242017
 

My Trade Buddy JHunt told me to believe, but I’m just not feeling the Euro trade he mentioned.. It’s not really my style I guess. But I do believe in his trade and if it works out then my trade will surely be very nice.  =D

GIVE ME SOME BEANS!!!!!!!  Crush my nuts if you want and make oil and meal out of them and feed them to livestock. They are made of titanium and love prevails. My love for beans and the farmers busting their ass to feed us for pennies. Let’s do it funds. You want to mess with me. I’m going to kick your ass!

Over sold, weak trending market,,  Kamen would say “Got to look for the move up”.

Crop condition reports will start up in a couple weeks. As for now stagnant chop with the funds holding shorts like a bunch of jerks trying to screw everyone.

The funds will reverse, China buying more and more at a record pace, US farmers getting washed out, Brazil currency reversed back up, USD coming off..
Fundamentals are strong!!

  • BUY ZSX7 @ 9492

NOVE BEANS! I believe! But not as much like Lenny Kravits and more like Polar Express.

Believe this ->

Pulled off the position today and had some good trades in beans. It was tough but it worked out. Got like 27$ out of it. Here’s the updates – https://www.reddit.com/r/Commodities/comments/6d7b9m/i_believe_soybeans/

May 152017
 

I WANT OATS!!!!  I’M HUNGRY!!

Give me my oats!  Hurry up.  I bought them today with an old order that I forgot about, but I pulled it off on the opening gap this evening for a little change. But shoot, I put another order at 224.25, the bottom of the diamond. Now as soon as these jerks (like Colbert) get done slamming it I’ll be buying me some of that stuff.

COT looks pretty good too.

Gonna put the order at the 200DMA.

-BUY ZON7 224.25

May 102017
 

Lately on #TradeBuddiesLive we have been keeping an eye on spreads, and man there have been some interesting things going on. Here’s some charts I’m very much interested in. Tune in on today’s live show for more info.

Lean Hogs-

Live Cattle –

Wheat –

May 092017
 

What’s the hold up? Just a heads up on Wheat. Everybody and their grandma eats wheat. I want to point out the back month future contract labeled “U” or September. Keep an eye on this level. Coming into this contract we can see some contango (AKA:forwardation) and it has major support at 440 which kinda like 420ish on the front month. This level on the “U” contract is like a concrete block in my view. Check it out.

Now let’s just check out what the big funds are doing when looking at the COT report. 

Just a week ago the funds were shorter than ever and were making all the bulls bleed to death. But if we look at the last move we can see a COT reversal. Which is looking nice for some possible bullish action. So as much as the funds were short wheat the price action held super strong at 440. It can not break down!, as though it seems. Last week we had a massive rally because of crappy weather, which I don’t think has fully been reported as far as damage to the crop, but then the profit takers came in which I think are just the funds jerking the small guys around. Also other fundamentals like a much smaller 2017 planting acreage is in play. So, Wheat,, LETS GO!

So that’s it. We’ll be keeping a close eye on this market on #TradeBuddiesLive. Although it COULD crash, I think it’s a really nice long play here real soon and I think the sell off the last couple days is complete horse malarkey.

-BUY ZWU7 – $440.25

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