The Weekly Call for November 11th

Welcome to this week’s edition of The Weekly Call, your trusted source for high-quality commodity setups and trading strategies. Since October 2016, our approach has delivered an impressive 777% return, and we continue to share the insights and methodologies that drive these results with this post #418. This week, we’ll explore the latest market trends, actionable trade setups, and global economic factors influencing commodities like sugar, coffee, live cattle, and gold.

Market Overview: Global markets started the week on a mixed note as investors evaluate recent economic data, geopolitical tensions, and major corporate developments. In the U.S., the Federal Reserve’s recent decision to hold rates steady has provided some relief to equity markets, though ongoing concerns about inflation and the Middle East situation remain front and center. European and Asian markets have also shown mixed performances, reacting to local economic indicators and new regulatory changes in the tech sector.

Key Highlights This Week:

1. Federal Reserve Holds Rates Steady The Fed decided to keep interest rates unchanged in its latest meeting, citing stable economic growth but acknowledging the continued presence of inflationary pressures. While this decision was in line with market expectations, investors are closely watching for any indications of future rate hikes should inflation persist. The Fed’s cautious stance on inflation has bolstered some sectors, but concerns remain over potential policy shifts in early 2025.
2. Middle Eastern Tensions and Energy Markets Geopolitical tensions in the Middle East continue to be a major driver in energy markets, as traders assess potential supply disruptions. Crude oil prices remain elevated, reflecting the possibility of restricted oil flows through key transit points. The International Energy Agency (IEA) has warned of potential supply shortages if the conflict escalates further, while OPEC+ maintains its production cuts, stabilizing prices but adding uncertainty to future supply.
3. Mixed U.S. Economic Data The U.S. economy showed mixed signals last week. The latest job report exceeded expectations, showing strong job growth and steady wage gains, indicating that consumer spending may remain resilient. However, manufacturing data showed signs of slowing, especially in durable goods, adding complexity to the outlook. Investors are evaluating how this data might impact Fed policy and the broader economic environment.
4. New Crypto and Blockchain Developments The cryptocurrency market remains highly sensitive to news surrounding potential Bitcoin spot ETF approvals. Reports of heightened regulatory interest in digital assets have fueled optimism in the space, with Bitcoin holding steady on speculation of an imminent approval. Additionally, major tech firms like Google are expanding into blockchain services, which could drive further adoption.

Commodities Update:

• Gold (GC): Gold prices are up as investors seek safe-haven assets amidst geopolitical tensions and inflationary concerns. The metal’s recent gains reflect its appeal in times of global uncertainty, as well as support from a slightly weaker dollar. Traders are keeping an eye on key resistance levels, as demand for gold could rise further if the Middle East situation escalates.
• Crude Oil (CL): Oil prices remain high, with Middle Eastern conflicts keeping a risk premium in place. The IEA’s warnings of supply disruptions and OPEC+ production cuts have added to the uncertainty in oil markets. The energy sector has shown some gains, as investors hedge against potential supply risks.
• Natural Gas (NG): Natural gas prices are benefiting from colder weather forecasts across the U.S. and Europe, driving early winter demand. Europe’s strategic LNG imports have stabilized prices, but colder-than-expected temperatures could push prices higher as demand for heating increases.

Metals & Energy Stocks:

• Copper (HG): Copper remains under pressure due to slow industrial demand from China, despite recent stimulus measures. Industrial activity across Europe and the U.S. has shown only modest improvement, and the global manufacturing outlook remains cautious, limiting upward potential for copper.
• Energy Stocks: Major energy companies are benefiting from the rise in oil and gas prices, as investors look to hedge against inflation and geopolitical risks. Stocks in the energy sector continue to reflect the volatility in oil and gas markets, with gains expected if supply concerns persist.

Crypto Market Update:

• Bitcoin (BTC): Bitcoin remains steady as optimism builds around a possible spot ETF approval from the SEC, which could attract institutional inflows and drive prices higher. The crypto market is also experiencing renewed interest from tech giants like Google, which recently announced expanded blockchain services that could further integrate digital assets into mainstream tech.
• Ethereum (ETH): Ethereum has seen positive momentum from its recent Shanghai upgrade and increased layer-2 adoption. Projects utilizing Ethereum for AI-enhanced DeFi applications are gaining attention, showcasing the network’s expanding utility beyond traditional DeFi and NFT applications.

What to Watch This Week:

• Inflation Data: Upcoming U.S. inflation reports will be closely monitored, as they could influence Fed expectations and investor sentiment. Persistent inflation could prompt further rate discussions by the Fed in early 2025.
• Middle Eastern Developments: Any escalations or resolutions in the Middle East could drive volatility in oil and gold prices. Investors should watch for any news that might impact energy supplies and global stability.
• Corporate Earnings: A handful of key corporate earnings reports in tech and consumer goods sectors will provide insight into the economic outlook and consumer spending resilience.
• Crypto and Blockchain Announcements: News on Bitcoin ETF approvals and blockchain initiatives from tech giants could add to market momentum. Major announcements in the blockchain space may have ripple effects across the digital asset market.

Market Sentiment: The market sentiment remains cautiously optimistic but highly reactive to global events and macroeconomic indicators. Investors are hedging positions across energy and metals, with an eye on safe-haven assets as geopolitical risks remain elevated. Cryptocurrency markets are also attracting attention as regulatory decisions loom, with potential for increased institutional interest.

Stay tuned as global market conditions continue to evolve, and trade smart!

As always, stay informed and adjust your strategies based on the evolving market conditions. All trades are posted on our Private Twitter Feed for subscribers and are included in the track record posted below under Completed Trades. I am currently trading 15 lots given the account balance and will adjust as necessary based on market developments.

The Weekly Call can now be auto-traded on Striker.com. Just call Striker Securities and open an account of at least $25,000 and every trade I make here will be made for you automatically there. I am planning to use the same methodology and risk management approach with the auto-traded account at Striker that I have been using here. If you have a Daily Update or Trader Triple Play membership, there is no subscription fee for the auto-traded account at Striker. For more information, call Striker.com and speak with William at (800) 669-8838. For more information, you can also watch this video from our subscriber Q&A HERE.   Trading futures contracts and commodity options involves substantial risk of loss, and may not be appropriate for all investors. Past performance is no guarantee of future results. Please see our Disclaimer for more information.

The trades below are discussed on the Daily Update: – Click Here for a FREE Trial

Sugar

Coffee

Live Cattle

Gold (GC)

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COMPLETED TRADES

Track Record of Completed Trades

The purpose of this blog is to demonstrate how to swing trade futures using our methodology to select high-quality setups and manage the trade with our risk management approach. This track record is based on entries and exits as posted in this blog. I am currently using 15 lots for the Striker trades which is based on this account being over $375,000. Each lot for auto trading at Striker requires $25,000 per lot. See the videos below for more information.

Track Record January 2022 thru December 2022 Click Here.

Track Record January 2021 thru December 2021 Click Here.

Track Record January 2020 thru December 2020 Click Here.

Track Record January 2019 thru December 2019 Click Here.

Track Record January 2018 thru December 2018 Click Here.

Track Record October 2016 – December 2017 Click Here.

*** Trading futures contracts and futures options involves substantial risk of loss, and may not be appropriate for all investors. By reading this web site, you acknowledge and accept that all trading decisions are your sole responsibility. Trading strategies referenced on this web site and associated documents and emails are only suggestions, no representation is being made that they will achieve profits or losses. Past performance is no guarantee of future results.. See our disclaimer here.

Completed trade in Cattle as of November 28th

We expect subscribers to have captured 60% of the swing in live cattle which is over $14,500 in profit using a margin of only $5,115. A great example of using leverage in futures.

Completed Trade in Coffee as of December 12th

The total swing was $37.00 and we expect subscribers to have captured 60% of a wing or $22 in coffee for a profit of over $25,500 using a margin of $8,850. A great example of using leverage in futures. See the video below for the review of the trade.

Completed Trade in Natural Gas as of January 2nd

We were stopped out of out last 1/3 position as weather-related news created a gap down on January 2nd and a possible flat with support at 3.196. This concludes our trade with natural gas; we exit with 550 ticks on 2/3s of a position with $8,500 in profit.

Completed Trade in Coffee as of January 19th

We exited the coffee trade on January 19th with $17 or over $15,000 in profit using a margin of $8,850. A great example of using leverage in futures.

Completed Trade in Gold as of February 8th

We exited the gold trade on February 8th with over $14,000 in profit. We entered on January 3rd and held the trade into the high window. We will re-enter gold in a few weeks after a backtest.