|
PureBytes Links
Trading Reference Links
|
> On Behalf Of BrentinUtahsDixie
>
> The CRB just put in a 5 year low last week.
> Also we are approaching a long term support
> level at 200(see attached chart). Any thoughts or comments about it?
I think that's properly reflective of sad and sagging futures markets
almost across the board, *I* think primarily rooted in the yucky Asian
economy. With very few exceptions, individual market fundamentals are
either enhanced to the short side or curbed to the upside by the fact
that a big part of the anticipated demand just hasn't been there
overall. I think that producers in many areas are probably going to
start ratcheting back their production, but it'll be a while before that
shows up as an upside move. Personally, I think it's far more likely
that we see anything but a bull market for the next several months in a
wide array of markets, CRB components or not, and I'm guessing that
pretty soon it'll be ugly chop rather than a nice bear trend.
Not a recommendation to trade.
Sticks
--
Troutman, Defender of Sticks (aka) Jonathan Matte, President
troutman@xxxxxxxxxxxx Defender Capital Management, Inc.
Introducing Broker
http://www.teleport.com/~troutman
Reviews, opinions, noise about futures trading, books, systems, services
|