Trade Mark

04-25-2017: Notice to Readers

Zenith's website will be "frozen" at its present state until approximately Tuesday, May 16th, due to interruptions affecting our staff members. We aplogize for the inconvenience, and will do all in our power to get back actively "on line" by that date. There have been many programming changes affecting other websites upon which we depend, making it difficult or impossible for us to utilize them while maintaining a legacy computer system. Our continuing policy is to try to make our site compatible with all users of operating systems as far back as Windows 98 and Internet Explorer 6, and we deplore the activities of Microsoft and others not to make their operating systems "backward compatible" and abandon former support. Numerous brokers, the Commodities Ressearch Bureau, Bollinger Systems, Yahoo! Finance, to name a few have necessitated their readers to "upgrade" making those sites virtually useless for us until we figure ways to "patch" around them, if any exist. We will continue to prefer and use sites which do not require "upgrades." As companies like Oracle continue to improve "virtual" operating systems, it may be possible for us to eventually to adapt newer systems to older ones, maintain our policy of being accessible by the oldest ones, and defeat once and for all Microsoft's ever-increasing sloppiness in putting out a plethora of new operating systems which many users we have contacted do not see as "improvements" but are simply designed to sell more systems.

04-20-2017: Feeder Cattle Futures Undergo Substantial Rally Out of Depressed State

Looking at year over year data for herd size, slaughter levels, packer margins, and the like, there doesn't appear to be that much to support a difference between this year and last. Nonetheless, feeder cattle are leading the way for cattle producers to see a substanial rally in cash prices with futures actually playing "catch up." The cause is related somewhat to the "cost of production" which steadily rises for producing cows from year to year, doubling since 2004. Lower grain prices could enable producers to withhold cattle from marketing and packers are satisfied with margins sufficiently to bid up prices a bit.

Our recent article on Feeder Cattle is in the Archives Section below.

04-18-2017: Some Commodities We Haven't Currently Reviewed

How do we pick a commodity for review? Here are technical strength or weakness ratings for 4/17 on the other major commodities not being currently being reviewed or traded on this site. To pick the commodity for our next review, Zenith will usually refer to such a list and pick the commodity which has one of either positive or negative highest or lowest scores. Commodities currently under review on our list of about 18 on this site are not shown below. It's just a way of keeping track of what else is going with other commodities.

Jun  Treasury Notes    100
May  Hi-Grade Copper   -88
Jun  U.S. Dollar Index -80
May  Kansas Wheat      -72
May  Sugar #11         -72
May  Cocoa             -64
May  Soybeans          -64
May  Orange Juice      -56
May  Soybean Meal      -48
Jun  Canadian Dollar   -40
Jun  Gasoline          -16
Jun  Heating Oil        -8
Jun  Japanese Yen       96
Jun  Mexican Peso       96
Jun  Eurodollars        88
Jun  British Pound      88
May  Rough Rice         72
Jun  Swiss Franc        48
Jun  Euro Currency      48
Jul  Platinum           40
Jun  Crude Oil           8
This is not a regularly-updated feature. The ratings are good only for date shown, and rapidly change each day, whereas we review the list only periodically. Once a commodity appears on our list of articles and is being currently traded, we consider its long-term direction has been established and trade consistently from that direction wtihout worrying about day-to-day changes. Granted, that's not how most other futures sites work nor how we trade stocks; but we have found it to be effective for commodities to trade that way.

Archive List

04-20-2017: August Feeder Cattle: Rallying Out of Depressed Era

04-14-2017: June Gold: Geopolitical Tensions

04-08-2017: May Ethanol: Losing Government Support

04-03-2017: May Lumber: Fears of a Border Adjustment Tax

03-28-2017: June Palladium: China Toughens Air Pollution Standards

03-22-2017: May Soybean Oil: Big South American Soybean Crop

03-15-2017: June Treeasury Bonds: Waiting for Interest Rate Rise

03-08-2017: May Coffee: Ending Dryness in Brazil

02-28-2017: May Silver: Outperforms Gold

02-22-2017: April Natural Gas: Lots In Storage

02-18-2017: March NASDAQ 100 Index: Up, Up, and Away

02-15-2017: April Lean Hogs: Mexican Trade Issue

02-08-2017: April Platinum: Catch-Up to Gold

02-04-2017: March Corn: Trade War with Mexico?

01-31-2017: March S&P 500 Index: Trade Wars Coming

01-25-2017: March Oats: Bad Weather in Canada

01-21-2017: March Soybean Meal: Inclement Argentine Weather

01-18-2017: April Live Cattle: Weather vs. Boxed Beef Free Fall

01-14-2017: February Milk Cl. III: Canadian Protectionism Seen

01-04-2017: March Australian Dollar: Technicals May Outweigh

Performance

Updated once a week (usually on Saturdays) unless the preceding week had less than five trading days.
Buy and sell prices are averaged where multiple contracts are involved, which is why they may not fall on an exchange tick increment.

This begins Zenith's Second Quarter for 2017 with new cumulative totals.

All Commodities Trades 04/03/2017 - 04/22/2017:

 # Commodity           BS    Buy   Sell   Last    Gain Intended  Rough   Group
                                                 (Loss)    Risk Percent

 4 May Ethanol          C 161.70 166.40 162.40 $  5,332  14,848   5.4% Energies
 7 Jun Australian Dollr C  75.13  75.72  75.30 $  3,920  14,980   5.4% Currency
11 May Soybean Oil      S         31.96  31.94 $   -198  14,916  16.2% Grains  
13 May Corn             C 355.70 370.50 357.00 $  9,230  14,885  16.2% Grains  
15 Apr Milk Cl.III      C  15.05  15.62  15.64 $ 16,650  14,700   5.3% Dairy   
 4 Aug Feeder Cattle    C 141.33 144.97 142.25 $  7,160  14,980  16.2% Meats   
 2 Jun Gold             L 128.05        128.91 $  1,660  14,980  21.6% Prec Met
10 Jun Lean Hogs        C  72.01  72.61  68.32 $  2,100  14,960  16.2% Meats   
 3 May Coffee "C"       C 129.40 143.10 129.90 $ 15,323  14,850   5.4% Softs   
 4 May Lumber           C 383.80 397.20 398.50 $  5,776  14,960   5.4% Lumber  
 7 Jun Live Cattle      C 115.26 117.10 116.70 $  4,942  14,980  16.2% Meats   
 3 Jun NASDAQ 100 E-Min C 540.50 543.70 544.20 $  1,830  14,940  10.8% Stock Id
19 Jun Natural Gas Mini C  31.87  34.08  31.92 $  9,928  14,915   5.4% Nat Gas 
16 May Oats             C 216.70 229.50 217.50 $  9,760  14,960  16.2% Grains  
 3 Jun Palladium        C 771.60 802.00 790.80 $  9,030  14,970  21.6% Prec Met
 5 Jul Platinum         L  97.02         97.76 $  1,700  14,975  21.6% Prec Met
 3 May Silver Mini      L  17.85         17.86 $    -15  14,925  21.6% Prec Met
 2 Jun S & P 500 E-Mini C 233.83 234.90 234.74 $  1,010  14,990  10.8% Stock Id
 3 Jun Treasury Bonds   C 155.16 152.43 154.05 $ -8,280   8,190   3.0% Finance 

            Adjustment for Open Positions: -($    3,147)
Prior to 4/10:
Other Gains/-Losses This Reporting Period:   $   62,240 ***
 *** For Contracts Closed or Rolled Forward  __________
 
Total for all Trades:                        $  155,950

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Trading in commodities involves substantial risk and past performance is no guarantee of future profits.  Zenith does not sell advice nor does it manage discretionary accounts other than its own. Readers should be aware of the vested interest that all traders/brokers have in encouraging other traders to make the same transactions.  No one should follow investment advice blindly.  This web site should be used only as a "sounding board" for confirming one's own opinion.  Any suggested order placements should be reviewed and reset to fit current market conditions by individual traders.

Recommendations may include trades which have already been made on the same or a previous day, otherwise the issue is placed on a "watch list." Suggested trades are based upon an approximate maximum $15,000 capitalization requirement per trade, depending upon initial contract margin requirements.  Zenith's actual trades may be larger.  $22 per round turn for futures is deducted from profit figures.   Commodity option trade recommendations are not tracked, but performance should parallel that of the underlying commodity's.

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