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01-18-2018: Reversing Course of British Pound Accompanies Minimizing Brexit Effects

It was the voters' decision in Britain to exit the Europen Common Union (Brexit) that caused a collapse in the British Pound exchange rate. Undoing some of the damage caused by that would then naturally reverse the course of the Pound and return to closer to a previous state. That is apparently what we are seeing now. Britain's economic and trade situation seems to be currently paramount in effecting the exchange rate, more so than politics or even interest rates relative to other currencies.

Our recent article on the British Pound is in the Archives Section below.

01-15-2018: Some Commodities We Haven't Currently Reviewed

How do we pick a commodity for review? Here are technical strength or weakness ratings for 01/15 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 highest or negative 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.



     British Pound       100
     NASDAQ 100 Index     96
     Euro Currency        88
     Gold                 80
     Platinum             80
     Swiss Franc          72
     Japanese Yen         72
     Australian Dollar    64
     Canadian Dollar      56
     Mexican Peso         32
     Lean Hogs            16
     Oats                  0
      _______________________

     Eurodollars         -96
     Treasury Bonds      -88
     U.S. Dollar Index   -88
     Coffee "C"          -80
     Live Cattle         -80
     Chicago Wheat       -80
     Soybean Oil         -80
     Soybeans            -72
     Rough Rice          -64

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 traders work nor how we trade stocks; but we have found it to be effective for commodities to trade that way.

Archive List

01-18-2018: March British Pound: Minimizing Brexit Effects

01-12-2018: February Gasoline: Follows Crude Higher

01-08-2018: March Lumber: Wildfires, Hurricanes, and Tariffs

12-21-2017: March Treasury Notes: Tax Cuts Impact

12-17-2017: March Palladium: Out of Whack with Platinum

12-13-2017: February Natural Gas: Pressure from Alternate Power

12-08-2017: March Silver: Not Ready for Runaway Inflation

12-02-2017: March Soybean Meal: Choppy Trade

11-25-2017: December Hi-Grade Copper: Slowly Trending Higher

11-22-2017: December Australian Dollar: Poor Yield

11-20-2017: December Milk: News Mainly Cyclical

11-16-2017: December Corn: Oversupply and Slow Exports

11-13-2017: January Orange Juice: Re-evaluating Hurricane Damage

11-09-2017: December Kansas Wheat: Weather to the Rescue

10-27-2017: January Feeder Cattle: Anticipation of Inflation

10-23-2017: December Cotton: Hurricane Damage Overstated

10-18-2017: December Crude Oil: Reacting to Temporary Factors

10-12-2017: November Ethanol: Environmental Protection DIminishes in U.S.

10-05-2017: December Cocoa: Cost of Production Rises

09-29-2017: March World Sugar: Brazil Floods Market

09-25-2017: November Heating Oil: Hurricane Effects

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.

Kansas City Wheat involved a roll forward from December, which is why initial price has been adjusted from that previously reported.

This begins Zenith's First Quarter of 2018 with new cumulative totals.

All Commodities Trades 01//02/2018 - 01/14/2018:

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

 4 Dec Ethanol          C 130.50 139.10 143.00 $  9,856  14,848  22.3% Energies
16 Mar Corn             C 347.20 352.30 348.80 $  3,600  14,960  16.8% Grains  
 7 Mar Cocoa            C  18.43  19.52  19.14 $  7,420  14,980  16.8% Softs   
 5 Feb Crude Oil        C  60.38  60.27  64.23 $   -700  14,950  22.3% Energies
 4 Mar Cotton #2        C  77.51  79.13  81.68 $  3,120  14,980   5.6% Cotton  
13 Dec Milk Cl.III      C  13.18  15.61  15.56 $ 62,790  14,560   5.4% Dairy   
 4 Mar Feeder Cattle    C 147.00 140.12 142.65 $-13,880  13,760   5.1% Meats   
 3 Mar Hi Grade Copper  L 322.00        321.00 $   -840  14,925   5.6% Copper  
 3 Feb Heating Oil #2   C 203.90 209.10 208.00 $  6,462  14,994  22.3% Energies
 7 Mar Kansas Wheat     C 425.70 441.20 426.20 $  5,215  14,980  16.8% Grains  
 5 Feb Natural Gas Mini C  27.01  29.98  29.90 $  3,563  14,988   5.6% Nat Gas 
 7 Mar Orange Juice     C 131.67 139.44 136.20 $  7,949  14,994  16.8% Softs   
 2 Mar Palladium        C 106.08 111.98 110.53 $ 11,740  14,980  11.2% Prec Met
 3 Feb Gasoline         C 176.60 186.20 187.00 $ 12,006  14,994  22.3% Energies
 8 Mar Sugar #11 World  C  14.02  15.12  14.18 $  9,616  14,874  16.8% Softs   
 2 Mar Silver Mini      C  16.95  17.26  17.14 $  1,490  14,950  11.2% Prec Met
 8 Mar Soybean Meal     L 314.40        317.00 $  1,840  14,960  16.8% Grains  
12 Mar Treasury Notes   C 123.88 122.64 122.94 $-15,240  14,880   5.6% Finance 

            Adjustment for Open Positions: -($    1,000)
Other Gains/-Losses This Reporting Period:   $        0 ***
 *** For Contracts Closed or Rolled Forward  __________
 
Total for all Trades:                        $  115,006

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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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