Zenith Trading & Holding Corporation

Heating Oil seems to be in the normal range of pricing for this time of year. But as crude oil, gasoline, and natural gas prices have come down over previous historical periods, one might expect heating oil would do so as well. This has not happened as heating oil has tended to go its own way and not correlate well with, say, gasoline prices. As always, the problem is one of supply and demand, with a number of refineries not producing heating oil as normally, and demand up because of cold weather. Many previously anticipated a very cold winter, and established contracts in advance giving heating oil a buffer against interim volatility.

How do we pick a commodity for review? Here are technical strength or weakness ratings for 02/15 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 just a way of keeping track of what else is going on with other commodities.

Palladium 100 Heating Oil 72 Treasury Notes 72 NASDAQ 100 Index 64 Gasoline 56 Eurodollars 56 Sugar #11 48 Soybean Oil 16 Platinum 0 ________________________ Rough Rice -100 Chicago Wheat -96 Orange Juice -96 Coffee "C" -88 Euro Currency -88 Soybean Meal -88 Feeder Cattle -80 Swiss Franc -72 Australian Dollar -56 Milk Cl III -48 Oats -48 Corn -40 Soybeans -16

Palladium 96 Soybean Meal 88 Soybean Oil 88 Treasury Notes 88 Eurodollars 80 Soybeans 40 NASDAQ 100 Index 32 Gasoline 8 Heating Oil 8 Sugar #11 8 ________________________ Rough Rice -100 Swiss Franc -96 Euro Currency -96 Platinum -64 Australian Dollar -56 Coffee "C" -56 Corn -56 Chicago Wheat -48 Feeder Cattle -24 Oats -24 Orange Juice -16 Milk Cl III -16

# Commodity BS Buy Sell Last Gain Intended Rough Group (Loss) Risk Percent 7 Mar Ethanol S 133.90 132.90 $ 1,820 14,819 10.7% Energies 5 Mar British Pound C 128.42 129.29 129.05 $ 2,569 14,969 27.0% Currency 7 Mar Cocoa C 21.98 23.07 23.07 $ 7,420 14,980 5.4% Softs 11 Mar Canadian Dollar C 75.31 75.54 75.52 $ 2,200 14,850 27.0% Currency 4 Mar Crude Oil S 55.65 55.59 $ 120 14,960 10.7% Energies 5 Mar Cotton #2 C 72.74 69.53 70.22 $ -8,175 8,025 2.9% Cotton 8 Mar U.S.Dollar Index C 96.80 96.84 96.74 $ 80 14,960 27.0% Currency 4 Mar S & P 500 E-Mini C 269.15 276.74 277.70 $ 15,060 14,980 5.4% Stock Id 4 Jun Gold S 132.98 132.85 $ 400 15,000 10.8% Prec Met 10 Apr Lean Hogs C 58.11 61.08 59.53 $ 11,580 14,960 10.8% Meats 5 May Hi Grade Copper C 277.10 281.40 280.30 $ 5,225 15,000 5.4% Copper 6 Mar Japanese Yen C 90.54 90.97 90.73 $ 3,045 14,925 27.0% Currency 10 Mar Kansas Wheat C 473.90 493.50 476.50 $ 9,500 14,950 5.4% Grains 6 Mar Lumber S 427.60 408.30 $ 12,558 14,916 5.4% Lumber 9 Apr Live Cattle C 127.19 127.59 127.18 $ 1,170 14,940 10.8% Meats 9 Mar Natural Gas Mini C 25.53 27.33 26.25 $ 3,780 14,963 5.4% Nat Gas 11 Mar Mexican Peso 500 C 513.10 519.90 517.00 $ 3,410 14,960 27.0% Currency 3 Mar Silver Mini C 15.70 15.81 15.74 $ 735 14,925 10.8% Prec Met 5 Mar Treasury Bonds C 146.06 146.38 146.56 $ 1,450 14,950 5.4% Finance Adjustment for Open Positions: -($ 14,898) Prior to 2/11: Other Gains/-Losses This Reporting Period: $ 258,735 *** *** For Contracts Closed or Rolled Forward __________ Total for all Trades: $ 317,784

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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All Commodities Trades: 01/02/2019 - 02/16/2019