Commodities Wrap-Up – 2019.11.01

The Week In Commodities…

US Dollar Index: -0.59%
Natural Gas: 16.60%
Crude Oil (WTI): -0.71%
Gold: 0.64%
Silver: 0.42%
Copper: -0.86%
Soybeans: 0%
Wheat: -0.29%
Corn: 0.19%

Nat Gas had a big week. Huge gains right up to Thursday’s storage report, at which point a small sell-off ensued. Friday was interesting with the selloff continuing in the AM, followed by a quick reversal to the upside. Hard to tell where NG is going from here. Seasonally it would normally be a downward trend with spikes here and there. It could be good for call premium collection if it does have some big up-days. Make sure to use spreads on this one if you open positions.

Gold did what we thought it would. The Fed dropped rates again, loosening the money supply. Gold found it’s footing and rallied. Premium opportunities look to be on the put side of things.

Soybeans went absolutely nowhere on the week. There was, however, an interesting move on Thursday when the commodity dipped quickly to 925 only to rebound to the mid 930s a couple of hours later.


Submit a Comment

Your email address will not be published. Required fields are marked *

Become a Member Today

Related Articles

Stay Up to Date With The Latest News & Updates

Become A Member Today!

Get access to real trades in near real-time plus weekly briefs with our insight and analysis on the markets.

Not Ready to Join? Subscribe for a Free Sample!

Enter your email address below to be notified by email every time we post a new article.

Follow Us

Want to keep up with us and get notified of new articles on social media? Click below to be taken to our social media profiles where you can like, follow, or subscribe.