Blindfoldedmonkey: OAT, COCOA, CORN, AND THE OTHERS

Thursday 13 February 2014

OAT, COCOA, CORN, AND THE OTHERS

Yesterday US markets after four days winning streak rally - SP500 made 4% gain - paused for a while. Nothing interesting now so let us take a look at the commodities.


On the commodities side you could make a great profit in 2014 if you had owned some oats or coffee or some other soft commodities. We are bullish since last December on Coffee, Cocoa, Corn, Oil and Gold too and we made nice profit in this January. We do really believe in the good rally in agricultural commodities this year. We are moderately bullish on commodities generally.


The natural gas chart shows clearly the bullish upside strength since the end of last year. Remember, the consensus was the price needs to go down because the US big supply and export will push down the prices. Look at the char. You see, the market always does something else, which is the common expectation.


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