Trade Mark

05/25/2020: Double Whammy for Energy Prices

Whammy #1 was the Saudi-Russian "war", trying to drive everyone else out of business in the energy markets by over-producing and cutting prices on crude oil and its products. That one might go away if the combatants realize that trade wawrs are only huring everyone. Whammy #2 is the pandemic, and that is probably not going to go away any time soon. Would you really want to board a crowded airline and sit 24" seat back to seat back while the person ahead leans back as far as he or she is able. There is some thought that even when vaccines are developed, the fear of inflection will linger on and availability of both testing and vaccines will remain limited for the foreseeable future.

We can say for a fact that even on a long holiday weekend our experience has been very light traffic on national highways.

Our recent article on Gasoline is in the Archives Section below.

05-31-2020: Some Commodities We Haven't Currently Reviewed

How do we pick a commodity for review? Here are technical strength or weakness ratings for 05/29/2020 on the other major commodities not being currently being reviewed or traded on this site. One way to choose a commodity for review is to look at the previous activity and compare it to the present one, to see if there were any dramatic changes. Commodities currently under review on our list of about 18 on this site are not shown below. It's a way of keeping track of what else is going on with other commodities.


Current Activity:                                                                                           Previous Activity

The ratings are good only for date shown, and rapidly change each day, whereas we review the list only periodically. Once a commodity appears on our list of articles and is being currently traded, we consider its long-term direction has been established and trade consistently from that direction wtihout worrying about day-to-day changes. However, that procedure is not the one we use in swing trading stocks.

Archive List

05-25-2020: August Gasoline: Pessimism About Price Recovery

05-03-2020: June Australian Dollar: Not Just About Interest Rates Anymore

04-24-2020: June Gold: Hyperinflation Fears

04-13-2020: July Natural Gas: Weather, Virus, and the Economy

04-07-2020: July Soybean Meal: Logistics Problems Getting to Market

03-29-2020: June Euro Currency: U.S. Lack of Fiscal Restraint Weakens Dollar

03-13-2020: June Japanese Yen: Flight to Safety

03-04-2020: May Lumber: Struggle to Recover from Supply Disruptions

02-23-2020: March Copper: Virus and Over-Valued Equities Threaten Demand

02-13-2020: March Swiss Franc: Negative Interest Rate Effect

02-01-2020: March NASDAQ 100 Index: Not Virus But Overvaluation Should Be Feared

01-24-2020: March Treasury Notes: Chinese Virus Influences

01-18-2020: March Oats: Reduced Planted Acreage

01-04-2020: March Feeder Cattle: Less Liquidity and Direction

12-19-2019: April Platinum: So. African Power Outages Affect Mine Production

12-10-2019: March Coffee: Global Supply Diminishes

11-23-2019: January Orange Juice: Supply/Demand Issues

10-30-2019: December Ethanol: Uncertainty Faces Use

10-25-2019: December Silver: Bank Illiquidity Supports Precious Metals



Performance

Updated once a week (usually on Saturdays) unless the preceding week had less than five trading days.

Some contracts involved a roll forward from May to July and August, and previously reported initial prices were adjusted to reflect the new contract equivalent.
Involved were feeder cattle, lumber, and orange juice.

All Commodities Trades: 03/30/2020 - 05/23/2020

 # Commodity           BS    Buy   Sell   Last    Gain Intended  Rough   Group
                                                 (Loss)    Risk Percent

 4 Jun Ethanol          C 124.40 111.50 110.90 $-15,084  14,964   5.6% Energies
 7 Jun Australian Dollr C  64.29  65.91  65.65 $ 11,130  14,980  22.2% Currency
 6 Jun Euro Currency    C 108.24 109.82 109.60 $ 11,670  14,925  22.2% Currency
 1 Jun Gold             S        176.87 172.19 $  4,650  14,980  16.7% Prec Met
 4 Aug Feeder Cattle    C 128.83 137.00 128.88 $ 16,220  15,000   5.6% Meats   
 5 Sep Hi Grade Copper  S        246.80 244.40 $  2,850  14,875   5.5% Copper  
 5 Jun Japanese Yen     L  92.91         92.96 $    163  14,938  22.2% Currency
 4 Jul Coffee "C"       L 104.62        104.75 $     75  14,985  11.1% Softs   
 4 Jul Lumber           S        365.00 370.30 $ -2,452  14,960   5.6% Lumber  
10 Aug Natural Gas Mini L  19.19         19.33 $     50  14,975   5.6% Nat Gas 
 1 Jun NASDAQ 100 E-Min C 888.30 910.80 935.60 $    420  14,996   5.6% Stock Id
10 Jul Oats             C 301.00 321.70 319.80 $ 10,050  14,900  11.1% Grains  
10 Jul Orange Juice     C 117.65 127.24 127.00 $ 14,085  14,925  11.1% Softs   
 6 Jul Platinum         C  77.06  93.92  86.65 $ 50,400  14,970  16.7% Prec Met
 4 Jun Swiss Franc      S        103.40 103.13 $  1,230  14,950  22.2% Currency
 2 Jul Silver Mini      C  15.57  18.10  17.36 $ 12,590  14,950  16.7% Prec Met
10 Jul Soybean Meal     C 283.20 293.10 282.50 $  9,600  14,900  11.1% Grains  
10 Jun Treasury Notes   C 138.80 139.11 139.06 $  2,800  14,900   5.5% Finance 

            Adjustment for Open Positions: -($    6,566)

Prior to 5/11:
Other Gains/-Losses This Reporting Period:   $  511,564  ***
 ***  For Contracts Closed or Rolled Forward  __________
 
Total for all Trades:                        $  635,445

Stocks Site.

Music of Francis Poulenc

Trading in commodities involves substantial risk and past performance is no guarantee of future profits.  Zenith does not sell advice nor does it manage discretionary accounts other than its own. Readers should be aware of the vested interest that all traders/brokers have in encouraging other traders to make the same transactions.  No one should follow investment advice blindly.  This web site should be used only as a "sounding board" for confirming one's own opinion.  Any suggested order placements should be reviewed and reset to fit current market conditions by individual traders.

Recommendations may include trades which have already been made on the same or a previous day, otherwise the issue is placed on a "watch list." Suggested trades are based upon an approximate maximum $15,000 capitalization requirement per trade, depending upon initial contract margin requirements.  Zenith's actual trades may be larger.  $22 per round turn for futures is deducted from profit figures.   Commodity option trade recommendations are not tracked, but performance should parallel that of the underlying commodity's.

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