Commodities Wrap-Up – 2019.10.18

The Week In Grains, Metals, and Energy

US Dollar Index:  -1.14%
Natural Gas:  6.17%
Crude Oil (WTI):  -2.20%
Gold:  -0.01%
Silver:  0.00%
Copper:  0.76%
Soybeans:  -0.05%
Wheat:  4.12%
Corn:  -1.95%
On the commodities front, copper seems to be gaining some strength. Could be some opportunity here.  Gold seems to be consolidating around the $1,500 level, but there is talk of another rate cut soon.  This would normally drive gold higher, but fear looks like it’s falling off as the equities move higher and the trade war subsides.  This ould keep things flat, which creates deep-out-of-the-money potential on both sides, for those who sell premium.
Nat Gas had a nice upside week.  Hopefully this continues for a solid fall/winter price-spike, creating premium possibility on the call side.
Also, the grains have been rising steadily, with Soybeans and Wheat rising close to the yearly highs.

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