Trade Mark

02-20-2019: Heating Oil Price Stays High While Other Petroleum Products Moderate

Heating Oil seems to be in the normal range of pricing for this time of year. But as crude oil, gasoline, and natural gas prices have come down over previous historical periods, one might expect heating oil would do so as well. This has not happened as heating oil has tended to go its own way and not correlate well with, say, gasoline prices. As always, the problem is one of supply and demand, with a number of refineries not producing heating oil as normally, and demand up because of cold weather. Many previously anticipated a very cold winter, and established contracts in advance giving heating oil a buffer against interim volatility.

Our recent article on Heating Oil is in the Archives Section below.

02-18-2019: Some Commodities We Haven't Currently Reviewed

How do we pick a commodity for review? Here are technical strength or weakness ratings for 02/15 on the other major commodities not being currently being reviewed or traded on this site. One way to choose a commodity for review is to look at the previous activity and compare it to the present one, to see if there were any dramatic changes. 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 on with other commodities.


Current Actvity:

Palladium           100
Heating Oil          72
Treasury Notes       72
NASDAQ 100 Index     64
Gasoline             56
Eurodollars          56
Sugar #11            48
Soybean Oil          16
Platinum              0
________________________

Rough Rice         -100
Chicago Wheat       -96
Orange Juice        -96
Coffee "C"          -88
Euro Currency       -88
Soybean Meal        -88
Feeder Cattle       -80
Swiss Franc         -72
Australian Dollar   -56
Milk Cl III         -48
Oats                -48
Corn                -40
Soybeans            -16


Previous Activity:

Palladium            96
Soybean Meal         88
Soybean Oil          88
Treasury Notes       88
Eurodollars          80
Soybeans             40
NASDAQ 100 Index     32
Gasoline              8
Heating Oil           8
Sugar #11             8
________________________

Rough Rice         -100
Swiss Franc         -96
Euro Currency       -96
Platinum            -64
Australian Dollar   -56
Coffee "C"          -56
Corn                -56
Chicago Wheat       -48
Feeder Cattle       -24
Oats                -24
Orange Juice        -16
Milk Cl III         -16
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. However, that procedure is not the one we use in swing trading stocks.

Archive List

02-20-2019: April Heating Oil: Not Correlating Well with Gasoline

02-13-2019: May Copper: Not If but When Price Will Rise

02-06-2019: March S&P 500 Index: Plunge Fears Fade

02-01-2019: April Live Cattle: Freezing Weather in the Plains States

01-26-2019: March British Pound: Deal or No Deal?

01-17-2019: June Gold: Rally Suspect

01-92-2019: March Silver: On Tailwind of Gold

01-02-2019: March Cocoa: Weather and Demand Factors Compete

12-13-2018: March U.S. Dollar Index: Troubles in Other Countries

12-09-2018: March Canadian Doillar: Oil Prices and Interest Rates

12-03-2018: April Natural Gas: Fewer Degree Days, Lesser Storage

11-27-2018: March Mexican Peso: Border Crisis

11-18-2018: March Kansas Wheat: Adequate Global Supply

11-09-2018: December Japanese Yen: Weak Economy

11-01-2018: December Lean Hogs: Demand & Production Continue to Rise

10-29-2018: January Crude Oil: Over-Estimated Iran Effect

10-23-2018: December Ethanol: E-15 Blend Dominates News

10-18-2018: November Lumber: Coming Down Off a Bubble

10-10-2018: December T-Bonds: Rate Shock

10-03-2018: December Cotton: Very Oversold


Performance

Updated once a week (usually on Saturdays) unless the preceding week had less than five trading days.

All Commodities Trades: 01/02/2019 - 02/16/2019


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

 7 Mar Ethanol          S        133.90 132.90 $  1,820  14,819  10.7% Energies
 5 Mar British Pound    C 128.42 129.29 129.05 $  2,569  14,969  27.0% Currency
 7 Mar Cocoa            C  21.98  23.07  23.07 $  7,420  14,980   5.4% Softs   
11 Mar Canadian Dollar  C  75.31  75.54  75.52 $  2,200  14,850  27.0% Currency
 4 Mar Crude Oil        S         55.65  55.59 $    120  14,960  10.7% Energies
 5 Mar Cotton #2        C  72.74  69.53  70.22 $ -8,175   8,025   2.9% Cotton  
 8 Mar U.S.Dollar Index C  96.80  96.84  96.74 $     80  14,960  27.0% Currency
 4 Mar S & P 500 E-Mini C 269.15 276.74 277.70 $ 15,060  14,980   5.4% Stock Id
 4 Jun Gold             S        132.98 132.85 $    400  15,000  10.8% Prec Met
10 Apr Lean Hogs        C  58.11  61.08  59.53 $ 11,580  14,960  10.8% Meats   
 5 May Hi Grade Copper  C 277.10 281.40 280.30 $  5,225  15,000   5.4% Copper  
 6 Mar Japanese Yen     C  90.54  90.97  90.73 $  3,045  14,925  27.0% Currency
10 Mar Kansas Wheat     C 473.90 493.50 476.50 $  9,500  14,950   5.4% Grains  
 6 Mar Lumber           S        427.60 408.30 $ 12,558  14,916   5.4% Lumber  
 9 Apr Live Cattle      C 127.19 127.59 127.18 $  1,170  14,940  10.8% Meats   
 9 Mar Natural Gas Mini C  25.53  27.33  26.25 $  3,780  14,963   5.4% Nat Gas 
11 Mar Mexican Peso 500 C 513.10 519.90 517.00 $  3,410  14,960  27.0% Currency
 3 Mar Silver Mini      C  15.70  15.81  15.74 $    735  14,925  10.8% Prec Met
 5 Mar Treasury Bonds   C 146.06 146.38 146.56 $  1,450  14,950   5.4% Finance 

            Adjustment for Open Positions: -($   14,898)

Prior to 2/11:
Other Gains/-Losses This Reporting Period:   $  258,735  ***
 ***  For Contracts Closed or Rolled Forward  __________
 
Total for all Trades:                        $  317,784

Stocks Site.

Music of Francis Poulenc

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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