ElReyChristophe

ElReyChristophe

During the 1998-2000 period we had a 20% correction in SP500 in the LH of 1998 followed by WTI bottoming in the low teens and 3 very fast rate cuts In the following 8 months up SP500 gained just shy of 50%, WTI gained 60% and the first 25bps rate hike come in 30th of June 1999 SP500 corrected to retest previous low, then second rate hike of 25bps come in on 24th...

ElReyChristophe

Long Term Technicals on Sugar Bullish. This was a healthy correction, looking to get long

ElReyChristophe Updated 

Managed Money added about 30% to their position since early may, in ZCN0 contract most of that increase is under the 325 level, would take profit in the 335-340 zone if long.

ElReyChristophe Updated 

Nov WASDE was the Gasoline to this fire, Soybean have been trending up for quite some times. Managed Money Long is breaking record every week and we should not be surprised by this massive amount of fund buying the world, Global QE = Excess Money Flow. Not much telling with technical unless you go back 10y. Upside in the Mid Teen's if La Niña materialize in...

ElReyChristophe

2600 big resistance for Cocoa Fundamentally I can't find a catalyst to get a rally going that being said with inflation on the rise Money Flow in Commodity is very likely To be followed as harvest is just strarting.

ElReyChristophe Updated 

Blown right through 130, 140 zone next stop.

ElReyChristophe

Low USD and others grains on a roll I dont see a reason why Chicago Wheat wouldn't challenge $7.00

ElReyChristophe Updated 

VegOil's are still fundamentally bullish, Energy and Industrial have also been trending up. Wanting to be on the Long Side this is as good as it gets for entry.

ElReyChristophe

The saying goes like "low prices cure low prices" always keep in mind that Commodities are finite resources.

ElReyChristophe

Fundamentally Veg Oils are behaving like 2010/2011, I am expecting a correction here this week due to a few factors, Short Trading Week, Long Week, Month end, PalmOil Stalling last week, much like Nov 2010. If one wanted to take profits this is a good time, I am firm believer we keep rallying through Dec Jan Feb maybe Mar. we are at Resistance now in the 38's Next...

ElReyChristophe

With La Nina still rocking Brazil Long Coffee could have big potential, previously posted about buying the 3y support just below 100, that did not happen low was 102 and we since that low had a $20 rally. My entry target is 50% Fib which also match 60 Day MA.

ElReyChristophe Updated 

VegOil Complex is Fundamentally as Bullish as the 2010/2011 Period. -Fiscal Stimulus/Money Flow into Commodities -Stocks of all Veg Oil are at 3-5y lows -Consumption and Export Demand very strong -The only thing that could ruin this party IMO is if the ratio of Covid Deaths/Cases start to creep up, that would be very worrisome.

ElReyChristophe Updated 

Noticed since the big 2018 Rally that Cocoa has been trading more Technical then Fundamental, long term Cocoa traders have also mentioned that Algos have been very involved in Soft's last couples year. Fundamentals look Bearish (Covid, La Niña considered favorable to Cocoa yields) Only Bullish input is money is flowing back into Commodities so I wouldn't expect...

ElReyChristophe

Bullish Coffee longer term "La Niña", target is still to buy the 100 level MM long covered 2'502 contracts, now siting at 43'077 MM short added 4'723 contracts, now sitting at 23'339

ElReyChristophe

Fundamentally Positive