The Weekly Call for May 4th

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 #446. 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

Equities:

  • S&P 500: Closed at 4,295.20, up 1.2% for the week as investors responded positively to softer labor market data, boosting expectations for Fed rate cuts later this year.

  • Nasdaq Composite: Gained 2.1%, finishing at 16,065.40, as strong tech earnings and AI-driven optimism lifted sentiment across growth stocks.

  • Dow Jones Industrial Average: Ended the week at 35,910.80, up 0.6%, with healthcare and industrials leading gains.

Commodities:

  • Gold: At $3,104/oz, up on the week as global central banks continued buying and geopolitical risks remained elevated.

  • Silver: Trading at $30.68/oz, boosted by investor demand and sustained strength in industrial applications.

  • Copper: At $4.57/lb, supported by tightening inventories and growing global infrastructure demand.

  • Crude Oil (WTI): At $75.40/barrel, down slightly as mixed global demand data weighed on sentiment.

  • Natural Gas (Henry Hub): At $4.05/MMBtu, holding steady amid mild spring weather and strong storage levels.

Cryptocurrency:

  • Bitcoin (BTC): At $88,420, rallying on steady ETF inflows and macro tailwinds, approaching key resistance levels.

  • Ethereum (ETH): Trading at $1,925, gaining momentum ahead of its Cancun-Deneb upgrade.

  • Solana (SOL): At $135.10, continuing to climb as ecosystem growth remains robust.

  • Dogecoin (DOGE): At $0.2488, modestly higher with renewed interest from retail traders and platform integrations.


Key Developments

1. April Jobs Report Supports Fed Pause

  • U.S. economy added 155,000 jobs in April, below consensus expectations.

  • Unemployment ticked up to 4.1%, and wage growth slowed, prompting markets to price in greater odds of a rate cut before year-end.

  • Treasury yields declined, and risk assets rallied into the weekend.

2. Strong Week for Tech and AI

  • Amazon, AMD, and Qualcomm all beat earnings expectations, driving strong gains across the tech sector.

  • AI-linked stocks surged as investor enthusiasm returned, fueled by robust guidance and new product announcements.

3. Crypto Market Builds on Momentum

  • Bitcoin saw its largest weekly ETF inflows since February, lifting it back toward multi-month highs.

  • Ethereum’s Cancun-Deneb upgrade nears deployment, driving renewed staking and DeFi activity.

  • Retail capital rotated into meme tokens and AI-themed projects, reviving altcoin market breadth.

4. Commodities Respond to Macro Shifts

  • Gold and silver rose as investors sought protection against inflation and geopolitical risk.

  • Copper extended gains on global demand strength and constrained supply from Chile and Peru.

  • Oil softened despite ongoing tensions, as weak manufacturing data from Europe and Asia weighed on demand forecasts.


Emerging Crypto Projects to Watch

  • GridSettle ($GRDS): Platform tokenizing real-time grid services, including frequency response and peak shaving.

  • EpochAI ($EAI): AI-based DAO governance engine offering predictive analytics and automated proposal scoring.

  • HydraNet ($HYDRA): Layer-0 bridging protocol focused on speed, scalability, and low-cost cross-chain swaps.

  • RWAverse ($RWAV): Tokenized real-world asset marketplace, aggregating commercial debt, energy credits, and infrastructure bonds.


Investor Insights

  • Equities: Growth names rebounded, but market breadth remains narrow — watch for rotation into cyclicals if economic data stabilizes.

  • Commodities: Gold and silver continue to look strong; copper is a key signal for global demand health.

  • Crypto: Market remains bullish heading into Ethereum’s network upgrade; attention shifting to high-utility infrastructure and RWA projects.


Outlook for the Week Ahead

  • FOMC Commentary: Several Fed officials speaking throughout the week; markets will parse language for confirmation of a dovish pivot.

  • Earnings Wrap-Up: Final wave of S&P 500 earnings will offer insight into margin pressures and Q2 guidance.

  • Ethereum Upgrade Watch: Cancun-Deneb test results and final mainnet scheduling expected in the coming days.

  • Macro Data: Initial jobless claims and consumer sentiment will help shape the next move for bond yields and equities.

 

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

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)

Come see what we are trading – 

Try our 30 day FREE trial Click Here

 

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.

Written by:

Stan Nabozny

Stan is a 20 year retail trading veteran, CTA (Commodity Trading Advisor) and Co-Founder of The Art of Chart. His specialties include using futures and options to trade Energies, Precious Metals, Equities, Currencies, Bonds, Softs, Grains and other commodities. Stan believes that Risk Management and Trader Psychology are more important that technical analysis and spends his time teaching and coaching other traders on these topics. Stan uses various trading systems and technical analysis approaches that integrate time and price in his work. See his latest articles here and www.huffingtonpost.com.

04th May 2025

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