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12-13-2018: Troubles in Other Countries Push U.S. Dollar Higher

Recent news states that Europe is "on fire" with troubles in England, France, Germany, Poland and Turkey, riots, changes of administrations, disatisfaction. Meanwhile the "leader of the free democratic world" is AWOL. Yet despite all that, the U.S. still retains some safe-haven and investment attraction due to relative interest rates. The Fed is loosening its tightening cycle stance anticipating that the U.S. and the rest of the world are both sliding into recession. But this seems relatively minor to what is happening in other countries, with Merkel, May, and Macron governments all anticipating changes in leadership. Markets abhor uncertainty, and this certainly is plenty of that in the U.S. under Trump's moronic leadership. But it could get even worse in other countries, now that they have lost their "leader of the free world" who is out playing golf on his Florida estate. He thinks he "won't be around" when the collapse comes. He could be right.

Our recent article on the U.S. Dollar Index is in the Archives Section below.

12-07-2018: Some Commodities We Haven't Currently Reviewed

How do we pick a commodity for review? Here are technical strength or weakness ratings for 12/06 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.


Current Actvity:

U.S. Dollar Index   100
Gold                 96
Soybeans             96
Palladium            88
Eurodollars          80
Corn                 56
Oats                 32
Sugar #11            24
Milk Cl III          -8
Silver                0
Swiss Franc           0
________________________

British Pound      -100
S&P 500 Index       -96
Coffee "C"          -88
Rough Rice          -80
Platinum            -80
NASDAQ 100 Index    -72
Gasoline            -56
Feeder Cattle       -32
Chicago Wheat       -16


Previous Activity:

Gold                 96
Soybeans             96
Eurodollars          80
Palladium            64
U.S. Dollar Index    56
Corn                 32
Oats                 32
Sugar #11             8
Rough Rice            0
Swiss Franc           0
________________________

Canadian Dollar    -100
Feeder Cattle       -96
Milk Cl III         -96
S&P 500 Index       -80
British Pound       -80
Coffee "C"          -72
Gasoline            -64
NASDAQ 100 Index    -64
Platinum            -64
Silver              -24
Chicago Wheat       -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. 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

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

09-30-2018: November Heating Oil: Imports Cut Off

09-24-2018: November Orange Juice: Production Bounces Back

09-20-2018: December Live Cattle: Hurricane, Swine Flu, Trade War, and Grain Prices

09-15-2018: December Soybean Oil: Finding Other Markets

09-11-2018: December Australian Dollar: Trade Wars Depreciate Some Currencies

09-08-2018: December Hi-Grade Copper: Chinese Economy Influences Prices

08-24-2018: September Treasury Notes: Flight to Safety

Performance

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

Lean hogs involved a roll forward from December to April; the Japanese Yen, Treasury Bonds, and Cotton from December to March; and Heating Oil from January to February
which is why their initial prices may not agree with previous report.

All Commodities Trades 10/01/2018 -12/15/2018:


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

 7 Jan Ethanol          C 122.20 128.00 125.80 $ 11,564  14,819  13.0% Energies
10 Mar Australian Dollr C  71.90  73.12  71.87 $ 11,900  14,900  27.5% Currency
17 Mar Soybean Oil      C  28.72  29.38  28.76 $  6,222  14,994  11.9% Grains  
11 Mar Canadian Dollar  C  74.86  75.83  74.93 $ 10,340  14,850  27.5% Currency
 4 Feb Crude Oil        C  50.51  54.55  51.47 $ 16,040  14,960  13.0% Energies
 5 Mar Cotton #2        C  80.35  78.15  79.60 $ -5,650   4,325   1.7% Cotton  
 8 Mar U.S.Dollar Index C  96.13  96.80  96.91 $  5,120  14,960  27.5% Currency
10 Apr Lean Hogs        C  72.75  69.80  70.05 $-12,100  11,800  10.6% Meats   
 4 Mar Hi Grade Copper  C 269.10 279.10 276.30 $  9,880  14,900   5.9% Copper  
 3 Feb Heating Oil #2   C 186.30 183.90 183.90 $ -3,114   3,024  13.0% Energies
 6 Mar Japanese Yen     C  89.90  88.60  88.98 $ -9,930   9,750  27.5% Currency
10 Mar Kansas Wheat     S        522.40 518.20 $  1,800  14,950  11.9% Grains  
 6 Jan Lumber           C 316.50 331.60 321.60 $  9,786  14,784   5.9% Lumber  
 9 Apr Live Cattle      C 124.65 119.20 124.50 $-19,890  14,976  10.6% Meats   
 9 Feb Natural Gas Mini C  37.33  45.15  37.53 $ 17,325  14,963   5.9% Nat Gas 
14 Jan Orange Juice     C 134.54 144.32 139.15 $ 20,118  14,973   5.9% Softs   
11 Mar Mexican Peso 500 S        491.00 487.00 $  1,870  14,960  27.5% Currency
12 Mar Treasury Notes   C 119.29 120.46 120.39 $ 13,680  14,880  11.8% Finance 
 5 Mar Treasury Bonds   S        143.39 142.72 $  3,200  14,800  11.8% Finance 

            Adjustment for Open Positions: -($    6,870)

Prior to 12/03:
Other Gains/-Losses This Reporting Period:   $  558,808  ***
 ***  For Contracts Closed or Rolled Forward  __________
 
Total for all Trades:                        $  640,099

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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