September 2017 Editors Comments

Wednesday, 02 August 2017 11:09 Melissa Moore
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Special Historical Reports

Hottest off the press:

2017 Historical Forex: this 207-page volume contains seasonal analysis for the US dollar index; Australian, Canadian, and New Zealand dollars; British pounds; eurocurrencies; Mexican pesos; Japanese yen; and Swiss francs; includes 78 seasonal and 158 spread strategies.

Only recently published:

2017 Historical Brent: the perfect complement to 2017 Historical Energy, this 124-page special report on Brent crude oil, the benchmark for much of the world's crude oil market, and gasoil (heating oil); seasonal patterns and weekly charts both for each delivery month and for several spreads; includes seasonal and spread strategies for Brent (24), gasoil (34), and Brent/Crude Light (16) spreads.

CRB & Physical Commodities


In January and February 2016, the venerable CRB Index (stockcharts.com, click on Free Charts, and in the box for Create a SharpChart type in $CRB) made a double bottom just below 155 after a multi-year decline.  It then bounced into a 20-point sideways range bounded by about 196 and 176, where it remained until May when it broke through the low.  By June it had fallen to barely 166, where it looked like a new round of deflation or at least disinflation had begun.  And indeed it was touted as such.

But a funny thing happened on the way toward lower prices.  From the June 22 low (first full day of summer!) at 166.48, the CRB began to rally actually reaching 182.69 on the last day of July.  Three legs up in Elliot Wave parlance is bullish.

Now what?  After suffering from severe weather that initially drove the CRB Index up, wheat, corn, and soybeans sold off.  Crude oil is reacting off $50.

But precious metals with bullish Commitment of Traders reports ran up a little further.  Copper, having somewhat surprisingly made a new two-year high, was holding just below heavy resistance at $3.

What  about the dollar?

All will eventually be revealed, but, until then, maybe we should be ready to ...

Trade 'em,

Jerry Toepke

Last Updated on Wednesday, 02 August 2017 11:15