Reflation 4/15/11
A term not used in quite some time but if commodities continue to surge higher as they did this week expect this word to re-emerge. The 20 day MA has supported Crude for the last four sessions; in June at $107.70. We’re still expecting a trade lower but on a settlement above $111/barrel we would exit shorts. Natural gas will end higher on the week but we still need to see a trade above the 200 day MA to get more long interest; our target remains$4.45/4.50 in July. The 50 day MA’s remain the pivot point in the indices; in the S&P at 1310 and 12100 in the Dow. We maintain a slightly bearish bias but we will need to see prices retreat next week or we will likely move to the sidelines with clients. The dollar maintained the 75.00 level which is a psychological support line that needs to hold or expect an additional 2-3% slide. Aggressive traders can scale into shorts in the Euro or look to trade the Yen/Euro futures spread mentioned in yesterday’s comments. Use the current set back in lean hogs and live cattle to scale into long exposure. Gold and silver ended higher on the week at fresh record highs in gold and multi-decade highs in silver. On the week the trading range in June gold a whopping $43 and in silver just over $3…why I bring this up is with bad timing this can be painful so be careful. The train has clearly left the station and we choose not to jump on at this time with clients. Cocoa traded 1% higher again today but has yet to trade above the 100 day MA…stay tuned. Clients were advised to lighten up on their CBOT/KCBOT wheat spreads today as the spread has moved nearly 50 cents in the last two weeks. Continue to wait for lower trade in soybeans and corn to be a buyer. We opted to start gaining long exposure in July soybean meal for some clients today. 30-yr bonds and 10-yr notes broke out to new three week highs today…stay the course with bullish exposure.
Risk disclosure: The risk of loss in trading commodity futures and options can be substantial. Past performance is no guarantee of future trading results.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,812,340,014 |
| Stories: | 8,654,433 |
Whistler Blowers, Insiders
