3 Reports Every Commodity Trader Should Know
The commodities markets are known for their high volatility, driven by a combination of market rumors and factual reports. While many day traders base their decisions on technical trends, savvy commodity traders also incorporate factual fundamental reports into their research to ensure that they are on the right side of the trade at all times. In this article, we’ll take a look at the three most important reports that every commodity trader should know. We will show traders where to find each report, outline what the reports contain, and demonstrate the best ways to use these reports to maximize risk-adjusted returns [for more commodity news and analysis subscribe to our free newsletter].
Decision Time For Commodities
A number of markets not limited to the indices and Crude but as examples have reached critical technical levels as a decision on the next legs should take place very soon. Avid followers know I am calling for a further reduction in both aforementioned markets. The 100 day MA continues to act as a magnet as for pricing in the front month Crude contract. On any spikes as long as prices stay below $104 I remain bearish with my target still at $97.50. My take is when prices breach $100 we should experience a fairly violent trade lower…just saying. It appears heating oil is on the verge of breaking the 100 day MA as well while RBOB is still 25 cents above that pivot point. More downside to come in this complex is my take. Natural gas is below $2 a prediction I hinted at several weeks ago. I have yet to issue a buy rec and … See the full story here