Moore Research Center, Inc.

  • Increase font size
  • Default font size
  • Decrease font size
Home Editors Comments June 2019 Editors Comments

June 2019 Editors Comments

E-mail Print

Special Historical Reports

MRCI publishes a new round of volumes in its series of special reports each year.

Hottest off the press...

1.  2019 Historical Softs: this 156-page volume contains seasonal analysis for coffee, cocoa, cotton, orange juice, sugar, rough rice; 83 seasonal and spread strategies for year round trading ideas.

2.  2019 Historical Grains: this 174-page volume contains seasonal analysis for corn, oats, and wheat KC, CBOT, and MGE; 122 seasonal and spread strategies for year round trading ideas.

3.  2019 Historical Live Cattle/Feeder Cattle: this 148-page volume contains seasonal patterns and weekly charts for each delivery and several spreads, and also live/feeder cattle spreads; historical daily charts; cash prices at several locations; 66 seasonal and spread strategies for year-round trading ideas.

4.  2019 Historical Lean Hogs & Hog/Cattle Spreads:
a 126-page volume with seasonal patterns and weekly charts for each delivery and several spreads, including hog/cattle spreads; historical daily charts; 76 seasonal and spread strategies for year-round ideas.


CRB & Physical Commodities

Now where to?  The CRB Index closed April only a little higher (at 184.25) than March (at 183.75).  But it made its high for April early and its low late.

In Dec/Jan, the Index made a low near 168, a double bottom with the multi-year low of June 2017 at 166.48.  It has since trended up, reaching a new high for the move in April at 189.68 still off its May 2018 peak at 206.95.  The pullback since to its April low of 183.66 may be functioning as a retest of it 200-dma at 186.61 and its 50-dma at 184.66.  The April close leaves price below the 50 below the 200 - certainly one definition of a downtrend.

Although price is below both, the 50-week ma (at 188.35) remained above the 200-week (at 186.82).  The combination rejected this April advance.

Seasonal influences in May?  Wheat normally declines into mid June as harvest intensifiese.  Only 15% of the corn crop was planted as of April 29 versus the 5-year average of 27%.

Precious metals tend to be weak into summer.  Energies are not usually as "energetic."  Hogs have been strong due to China's hog herd disease, but the cattle herd is larger than assumed.

Maybe we better be ready to ...

Trade 'em,

Jerry Toepke

Last Updated on Thursday, 02 May 2019 10:17  
Banner

Subscribe Today

Subscribe Today

Subscribe to our FREE Newsletters

Email:

Newsflash

Amid explosive interest in China, MRCI will now update charts of the Shanghai and Shenzen stock indices daily! http://www.mrci.com/client/hilite/hl001.php