#Copper's breakout is for real!

#Copper's breakout is for real!: 

Mining Stocks, Gold, Silver, Base Metals, Energy & Commodities News on MasterMetals

#Japan’s #Nikkei225 is breaking out of a 30 year slump $N225

Nikkei 225

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#Grains - #Wheat - The upcoming big bull market $WEAT $CORN $SOYB $DBA $NTR $DE

Wheat prices have been strong lately (attachment 1). We have been writing for some time that we expect a major bull market in The grains complex: corn, soybeans and wheat.  

As the 10-year chart shows, wheat futures hit a 6-year high and look to be finally breaking out on the upside after a 6-year bottom formation. 

We have been signaling, since August and again in September, that this “stealth” bull market is just Getting started. This offers investors with the potential for some major medium to long-term gains, notwithstanding the short term volatility.  

Rally in #Grains & #Agriculture Stocks Just Getting Started $NTR $CORN $DBA $SOYB

Continuing with our previous comments on the coming bull market for grains, Soybeans $SOYB (attachment 1), Corn $CORN (attachment 2) and Wheat $WEAT (attachment 3) had a strong day yesterday.

Attachment 4 displays the strong corn sales in the new marketing year, which began on September 1, 2020 (see text below).

Is #Euro's Long Term Downtrend vs. #USD Over? $EURUSD

#EUR Next Target is $1.30…

ForEx 

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Bullish Pennant Formation on #Gold? Or will it break down? $GLD

#Gold trading in a tight range. Will the old high continue to serve as support and break out? Or will it break down, with a potential $100 drop in the cards?

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#Grains - Another #BullMarket in the making $CORN $WEAT $SOYB $JJG

 

Looks like the grains complex is preparing for a big bull market. The main reason seems to be the climate.

Grain prices tend to be volatile. So buy and hold is not the answer. 

Better to trade the grains. 

Attachments 1 to 3 are daily charts of the futures contracts of Corn, Wheat and Soybeans. All of them had positive price changes in the last 2 days.

$VIX Explodes as the Market Crashes

Yet markets recovering in early Asian trading...

See more stock index charts here

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#Gold main Trend Up, but Momentum Trending Lower

"main trend is up according to the daily swing chart, however, momentum has been trending lower since last Thursday. A trade through $1788.80 will signal a resumption of the uptrend. A move through $1576.00 will change the main trend to down.

"The new minor range is $1788.80 to $1666.20. Its 50% level or pivot at $1727.50 is potential resistance. Watch for aggressive countertrend sellers on the first test of this level. They are going to try to form a secondary lower top.

"The short-term range is $1576.00 to $1788.80. Its retracement zone at $1682.40 to $1657.30 is potential support. This zone helped stop the selling pressure on Tuesday at $1666.20."

Read the whole analysis here: https://finance.yahoo.com/news/gold-price-futures-gc-technical-050734016.html

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Upside-down, Right-SideUp #HeadAndShoulders: Mixed Technical Picture for #Gold

The upside down #HeadAndShoulders Will take us where?

http://schrts.co/UeAvkAkv


Are we seeing the beginning of a #HeadAndShoulders here?

http://schrts.co/TugdrQWc
Should be an interesting year ahead....
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#Dollar-#Euro has had a wild ride in the last month...

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#Commodities under pressure due to #Coronavirus $CRB $GCC

Commodities have been under pressure lately as the Coronavirus situation gives fears of a worldwide slowdown of economies.

A vehicle to play is the Wisdom Tree Continuous Commodity Index Fund ETF, symbol GCC, US$ 17.74. GCC tracks an equal-weighted index of 17 commodities.

It uses futures contracts averaged across the nearest 6 months of the futures curve to maintain its exposure and rebalances daily. Each commodity is weighted around 5.9%. (Attachments 5&6)

Attachment 1 displays the CRB Reuters/Jefferies CRB Index. The index comprises 19 commodities but is heavily weighted in energy with oil being weighted 23%. Together with natural gas and gasoline, the energy sector is weighted way over 30% (attachment 2).