A great week for traders is behind, the volatility
finally arrived to the commodity markets and more sectors had nice moves during
this period. The biggest movers were in the Energy sector were oil and
distillates joined the falling natural gas as the updated 2018/19 predictions
of increasing US production surprised the markets. The Agri sector had on the
other hand nice upside moves caused by weather worries.
Oil
The EIA last week surprised markets with increased
estimates of oil production for 2018 and also 2019 by 320 and 330k bpd
respectively. According to the updated estimates the US reached 10M bpd oil
production already in the first week of February. This was more than 300k bpd
more than a week before. The news triggered intensive selling but from the COT
data covering positioning until end of Tuesday trading the reduction of
speculative longs wasn’t significant. However the second half of the week
probably brought some additional long covering. Technically the H&S pattern
on daily WTI crude chart worked perfectly brining 5 dollars per barrel profit
for short sellers. WTI closed the week below the psychological $60 level and
now markets are eying the weekly inventories and the IEA monthly report (to be
released on Tuesday) for more direction.
Corn
The grain sector got support from the drought in
Argentina, significant for soybeans and corn while the wheat prices surged on
the news of insufficient rains across the Great Plains made winter wheat
struggling. Only 14% of Kansas wheat was in good or excellent conditions. For
corn the USDA estimates lower production, higher consumption and lower stocks
which is a perfect mix of bullish factors, however for the rally to be confirmed
some key levels have yet to be broken. Last week the biggest obstacles were
technical selling and farmers increased hedging activity. The levels to watch
ahead are 365 and 370 for the closest corn contract.
Sugar
The two main Brazilian sugar producers announced last
week that they are going to focus on ethanol production as much as possible given
the fact that sugar is traded at 30% discount to ethanol. This kind of news
usually should give boost to prices however the follow up was completely
missing and the raw sugar prices were stuck in a tight range. The huge sugar
production from India and the increasing European refined sugar supplies are
still weighing on the market of the sweetener. However the huge speculative
short positioning limits the space to open additional shorts and the market is
currently ahead of the decision which direction to go: back into the broken
trend-line or droping toward new lows.
Good Luck and remember to watch your risk and be
consistent
Mr. Tech Man
DISCLAIMER: This material was created for informational
purposes only and represents the Land of Trading team’s view of the past and
current economic and capital market environment. It is not an investment advice
and should not be viewed that way at all, and the creators of this material
cannot be held liable for any potential losses resulting from trading, where
despite this disclaimer someone would consider this material as an investment
advice. All rights reserved ©2016-2018.
Contact: landoftradingATgmailDOTcom, Blog:
landoftrading.blogspot.com
Mr. Tech Man
Making a challenge required to test the main factor for a various things in the market to set the new level.
ReplyDeleteStock Cash Tips Trading Strategy
Best Free MCX Trading Tips
This comment has been removed by the author.
ReplyDeleteDemo accounts have a fictitious amount of money in them but possess features of a true trading account that you want to construct experience. Click here to get more information about forex no deposit bonus.
ReplyDeleteAnother excellent method to earn money without investment is by way of a No-Deposit Forex Bonus account. To know more about best forex bonuses, browse this site.
ReplyDeleteThey are numerous all over the world. There's no universally very good forex broker. For more ideal details about forex broker reviews, pop over to these guys.
ReplyDeleteThis offers a complete relief for the traders as they do not have to search for the required software that can perform all the steps. For more ideal details about crypto currency reviews, visit this site.
ReplyDeleteThe resistance level tells you if the stock is overbought or oversold. As the stock keeps hitting resistance levels, it will eventually break out of its profitable zone. To learn more about support and resistance indicator for MT4, visit on hyperlinked site.
ReplyDeleteYour money will be placed into various types of accounts that you can decide based on the kind of money that you would like to keep safe and out of harm's way. For more information on Login Binomo account click here.
ReplyDeleteThis is the perfect wallet for you since you can easily carry all your items that you need. You also have the freedom to take out your cell phone, wallet, and other small items. You are curious to know more about torque wallet, head over to the website.
ReplyDeleteSince it is a user-friendly system, you will not have problems installing or maintaining this Torque Trading System. The website offers an easy-to-use and user-friendly interface, with detailed tutorials to guide and teach you.
ReplyDeleteBy doing this, the Forex traders are able to use their anonymity to make big bucks in trading while keeping their personal financial details private. Author is an expert of torque trading systems, click here for more interesting information.
ReplyDeleteIt should be one that will help you make more money than you spend on it, so that it isn't a waste of your time and effort. Learn more about torque trading system on torquesuperwallet.
ReplyDeleteThis is simply because they know that people like you like to try out different products. you will soon realize that the investment has indeed been worth every cent. Get more Interesting details about torque trading system on https://torquesystem.net/tips-for-new-investors-regarding-the-torque-trading-system-2020/.
ReplyDeleteA better idea would be to run away from Torque Systems altogether and look for another system. They have been known to have their hands in a few companies that are a real disappointment and a real drain on the network resources of the company. For more ideal details about trading system, pop over to these guys.
ReplyDeleteThese courses will give you the knowledge on how to trade forex market and make money. You will also get to know the basics of forex trading before you ever start trading on the forex market.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteUnfortunately, there are also many people who don't have the money, and they simply give up on forex altogether. Again, this is where an experienced forex mentor can come in handy.
ReplyDeleteIt was first developed in the 1970s by John Tukey, who then went on to develop indicators for other areas, such as indices of market sentiment and trends, as well as indicators for portfolio optimization. He has since developed many stock market indicators, including the atr indicator. For more ideal details about atr indicator guide, pop over to these guys.
ReplyDeleteIt is not very difficult to find some online websites that offer you free forex trading strategies. These free online resources are available for a variety of reasons, the most common reason is that they are not paid services. To get more detailed info on best forex trading strategy, visit on hyperlinked site.
ReplyDeleteOnce you understand the importance of risk-reward ratio analysis, you will realize that you are not alone in this market. A trader's risk reward or ratio is calculated by dividing the number of winning trades by the number of losing trades. Want to know more about risk reward? find out here.
ReplyDeleteForex traders usually rely on several foreign exchange markets to carry out their transactions. One of these markets is the NYSE (New York Stock Exchange) where most of the world's major currencies are traded. You are curious to know more about asia forex mentor, visit here.
ReplyDeleteThis reverse trend is known as the reversal trend. You may want to trade this trend because the volume on the market will begin to rise aggressively, forcing sellers out of position and signaling a potential replacement. Source to know more about asia forex mentor.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteYou can use the method according to your discretion. Most of the time, traders tend to follow support levels which usually indicate a strong support system. However, there is no harm in trying out different methods based on different trading systems. Get more interesting details about resistance forex check out this site.
ReplyDeleteThere are a couple of ways you can use these bands such as breaking a long drawn out trend, or you could even utilize the bands to predict when a break out may occur. For more ideal details about forex trading, pop over to these guys.
ReplyDeleteThe regulation of the online trading brokers market is extremely complex. This is because there are many aspects that need to be looked into before these firms can be allowed to operate.
ReplyDeleteThe trendline is drawn from a moving average line or a sloping line that shows the direction of the trend, with the trendline itself being a straight line connecting these two points. You can find more details about trendline forex on its original site.
ReplyDeleteWhat happens here is that some signals are strong and others are weak. However, there are also a couple of cases where the leading indicator in a currency pair does not account for the complete range of the currency price. You are curious to know more about stochastic indicator oscillator tools, read this.
ReplyDeleteWith an online trading account you will usually pay the broker's commission directly rather than being paid by the share. This can be a significant savings to you over the long term as online brokers tend to have lower commissions. You are curious to know more about brokers review, visit here.
ReplyDeleteAs a trader, you need to consider many factors before choosing any broker, for example, it is better to avoid new traders who use illegal trading platforms. Get more interesting details about forex brokers review check out this site.
ReplyDeleteIn Spain, most of the professional and established brokers have an established web presence on the Internet. These brokers also offer demo accounts for the traders to have a hands on experience. For more information on best brokers, visit this site right here .
ReplyDeleteFinally, you will be able to enjoy real time market prices due to the deployment of MetaTrader4. Regardless of your knowledge about programming, you can now quickly learn the ropes and start participating in the crypto marketplace. For more information on cryptocurrency read me.
ReplyDeleteTechnical analysis is all about identifying trends, which means that you must be able to read charts and graphs and make sense of them - without this technical analysis you will have no chance to succeed in the forex trading course market.
ReplyDeleteWhen chatting with a live person, it helps if you know what you want to ask. Another way traders use online brokers to decide which one to use is to read brokerage reviews. Author is an expert of etoro review, click here for more interesting information.
ReplyDeleteYou do not need more information an external connection or any type of software to trade. Once you have them plugged into your computer, they will start running on their own. Both of them have their own unique features and functionality.
ReplyDeleteSome platforms require you to make a purchase before using them, while others allow you to test out their product for a short time before making your final decision. For more ideal details about forex broker review, click here now.
ReplyDeleteThese terminals are connected to a computer network. Real time data is fed into the computer programs and traders make profits if they predict that the exchange rates will move in their favor. If you are curious to know more about online trading platform, check here.
ReplyDeleteSome of the best trading companies include E-trade, Quicken Trading, TradeKing and Trade Station. All of them have the services of a wide range of financial experts to help the new comers. Get detailed info about online trading platform on this site.
ReplyDeleteThey publish short articles on a regular basis with the intention of giving Forex traders and investors an expert viewpoint on the market. This helps the novice investor with a short-term trading as well as long-term investment decisions. You can find more details about forex trading on this site.
ReplyDeleteOptions contracts are traded on stock exchanges, but they work much differently from traditional stock market investments. In options trading, you are buying a right to purchase a particular quantity of a security at a specific price within a specified period of time. For more ideal details about binary options vs IQ option, browse this site.
ReplyDeleteWhile every Forex trader should be aware of price action, few traders know enough to take advantage of charting. If you have an interest in getting into day trading Forex, you will find out that you will need to learn to read and interpret charts.
ReplyDeleteThere are a wide variety of forex trading strategies and techniques used on a daily basis by the successful traders of the foreign exchange market. Author is an expert of forex trading, click here for more interesting information.
ReplyDeleteMy personal preference is to have a free trading platform that allows for the demo trading so that I am not thrown into the deep end and lose lots of money right away. Get more interesting details about forex trading check this site.
ReplyDeleteIf you want to know the best forex strategy, then here are some tips that can help you. First of all, when you decide to trade currencies, it is important to have an idea of the global economy and its current situation. Learn more about best forex strategy on this website.
ReplyDeleteThis does not mean that you cannot be successful in the foreign exchange markets without such education; however if you want to be a serious player in this industry then you will want to have the right for coaching courses under your belt. Source to know about best forex trading course.
ReplyDeleteThey then transfer it back, expecting positive fluctuation in that currency against another local currency. Strategy for entry and exit represents those traders use for entering and exiting trades. Learn more about asia forex mentor on this site.
ReplyDeleteWhen you are just starting out trading in the Forex market, and need to learn some tips and strategies to start earning money, you can find yourself seeking out a good Forex trading mentor. Check out this site to know more about forex educator.
ReplyDeleteThe methods used by the forex market traders are what enable them to make money by trading currencies rather than shares. You can learn forex trading lessons for free over the internet and then apply. You are curious to know more about forex marketing, click here.
ReplyDeleteThere are many advantages to taking a foreign currency exchange training course. The most obvious of these is the increased knowledge you'll gain from working with experienced traders. Get more interesting details about forex trading courses check out this site.
ReplyDelete