The Weekly Call for May 17th

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 #507. 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.

U.S. Markets (Friday, May 15 close)

S&P 500 (SPY): Closed near 7,408.50, down about 1.2% Friday but still slightly positive for the week.

Nasdaq Composite (QQQ): Around 26,225.14, down about 1.5% Friday as AI and semiconductor names pulled back.

Dow Jones Industrial Average (DIA): Approximately 49,526.17, down about 1.1% Friday and modestly lower for the week.

U.S. stocks slipped from record highs as rising oil prices, higher Treasury yields, and renewed inflation worries pressured risk assets.


Global Markets

FTSE 100 (UK): Slightly weaker as higher oil and global yield pressure weighed on sentiment.

DAX (Germany): Lower as European markets followed the U.S. risk-off move and investors reassessed inflation risks.

Nikkei 225 (Japan): Mixed to lower as technology and export names reacted to the global selloff.

Shanghai Composite (China): Mixed, with policy support hopes offset by softer domestic demand and cautious global sentiment.

Global markets turned more defensive as rising energy prices and higher yields disrupted the recent risk-on tone.


Commodities Snapshot (Friday close)

Gold: Around $4,550–$4,650/oz, easing on the day but still historically elevated.

Silver: Near $76–$78/oz, holding strong despite volatility in risk assets.

Copper: Firm but volatile as industrial demand expectations competed with broader macro caution.

Crude Oil (WTI): Around $101–$105/barrel, jumping sharply as Iran and Strait of Hormuz concerns returned to the forefront.

Natural Gas: Near $2.95–$3.00/MMBtu, higher on the week as weather and demand expectations improved.

Commodities were again the pressure point for markets. Oil’s renewed rise reignited inflation concerns, while gold and silver remained elevated as macro hedges.


Cryptocurrency Market (Friday close)

Bitcoin (BTC):$79,000–$80,000, holding near the upper end of its recent range but struggling to break cleanly above resistance.

Ethereum (ETH):$2,250–$2,300, stabilizing but still lagging Bitcoin’s leadership.

Solana (SOL):$90–$95, holding firm as institutional interest in Solana-linked products remained active.

XRP (XRP):$1.38–$1.45, consolidating as regulatory optimism helped offset market caution.

BNB (BNB):$625–$640, steady among the stronger large-cap altcoins.

Cardano (ADA):$0.25–$0.26, still defensive but stabilizing.

Dogecoin (DOGE):$0.10–$0.11, holding a modestly firmer range as retail participation remained selective.

Crypto held up better than equities during Friday’s selloff, but the market remained selective. Bitcoin stayed the leader, while Ethereum and altcoins continued to lag.


Key Market Drivers

  • Oil reignited inflation fears: Crude’s renewed rise brought the inflation narrative back to the front of the market.
  • Treasury yields jumped: Higher yields pressured growth stocks and contributed to the pullback in AI and semiconductor names.
  • AI leadership paused: After weeks of strength, large-cap tech and semiconductor stocks saw profit-taking.
  • Crypto ETF flows remained supportive but uneven: Bitcoin ETF demand helped keep BTC near recent highs, though late-week outflows added caution.
  • Altcoin inflows improved selectively: Solana and XRP products continued attracting inflows, but the broader altcoin market has not yet moved into full expansion mode.

This was a week where the market’s tone shifted from “earnings and AI momentum” back toward “oil, inflation, and yields.” Risk appetite did not disappear, but it became more selective.


Emerging Crypto Projects & Ecosystem News

  • Morgan Stanley / E*Trade crypto access remains important: The rollout of crypto trading through a major brokerage channel continues to expand mainstream access.
  • Solana and XRP inflows stood out: Solana and XRP products continued pulling inflows, helped by optimism around regulatory clarity and ETF structures.
  • Bitcoin ETF narrative remains dominant: ETF demand remains the strongest support for BTC, even though flow volatility has increased near resistance.
  • Ethereum remains under watch: ETH stabilized but continued to lag BTC, keeping the market focused on whether Ethereum can regain leadership or remain a secondary trade.
  • Infrastructure still leads speculation: ETF access, custody, tokenized assets, AI-linked blockchain infrastructure, and institutional rails remain the strongest themes.

The crypto market is improving, but still concentrated. Bitcoin is leading, Solana and XRP are attracting selective inflows, and Ethereum needs stronger participation to confirm broader rotation.


Outlook for the Week Ahead

  • Macro calendar: Markets will focus on Fed minutes, employment data, inflation commentary, Treasury auctions, and energy headlines.
  • Equities: The rally remains intact but more vulnerable. Higher oil and higher yields could pressure valuations if they persist.
  • Crypto levels to watch:
    BTC: Support around $78,000–$79,000, resistance around $82,000–$82,500.
    ETH: Support around $2,250–$2,300, resistance around $2,450–$2,500.
    SOL: Support around $88–$90, resistance around $98–$105.
  • Strategy note: The tape remains constructive but more fragile. Favor liquid leaders, avoid chasing weak altcoins, and watch oil/yields closely because they are now driving the next phase of risk appetite.

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.

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.

17th May 2026

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