The Weekly Call for May 31st

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 #509. 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 29 close)

S&P 500 (SPY): Closed near 7,580.06, up about 0.2% Friday and about 1.4% for the week.

Nasdaq Composite (QQQ): Around 26,972.62, up about 0.2% Friday and about 2.4% for the week.

Dow Jones Industrial Average (DIA): Approximately 51,032.46, up about 0.7% Friday and closing above 51,000 for the first time.

U.S. stocks finished at record highs again, with the S&P 500 posting its ninth straight weekly gain. AI earnings, especially Dell’s strong guidance, helped keep the rally intact.


Global Markets

FTSE 100 (UK): Firmer as global risk appetite stayed constructive.

DAX (Germany): Higher with European equities supported by easing oil pressure and global tech strength.

Nikkei 225 (Japan): Stronger as Asia followed the global risk-on tone.

Shanghai Composite (China): Mixed as policy support hopes continued to offset softer domestic demand signals.

Global markets ended May with a constructive tone, helped by AI momentum, falling oil, and improved sentiment around a possible U.S.-Iran ceasefire extension.


Commodities Snapshot (Friday close)

Gold: Still elevated, but softer as risk appetite improved and rate expectations firmed.

Silver: Firm but volatile, holding a strong long-term trend.

Copper: Steady to firmer as China credit growth and industrial demand hopes helped sentiment.

Crude Oil (WTI): Around $87.36/barrel, lower on the week as ceasefire optimism reduced some war premium.

Natural Gas: Near $3.29/MMBtu, higher on the day and up sharply over the past month.

Oil suffered a major monthly drop as Middle East risk premium faded, while natural gas continued recovering from earlier weakness.


Cryptocurrency Market (Friday close)

Bitcoin (BTC):$73,000–$73,600, weaker on the week as ETF momentum cooled and traders locked in profits.

Ethereum (ETH):$2,000–$2,100, still lagging Bitcoin and struggling to regain leadership.

Solana (SOL):$82–$85, stabilizing near support but still facing resistance.

XRP (XRP):$1.30–$1.35, softer but holding above key support zones.

BNB (BNB):$630–$645, more resilient than most large-cap altcoins.

Cardano (ADA):$0.24–$0.25, still under pressure as broader altcoin sentiment remained weak.

Dogecoin (DOGE):$0.095–$0.10, range-bound with retail participation muted.

Crypto remained selective and weaker than equities. Bitcoin held the lead, but Ethereum and most altcoins continued to lag.


Key Market Drivers

  • AI earnings powered equities: Dell’s strong results and guidance reinforced the AI infrastructure theme.
  • Indexes hit new records: The S&P 500, Nasdaq, and Dow all closed at record levels, with the S&P posting its ninth straight weekly gain.
  • Oil fell sharply: Lower crude prices reduced inflation pressure and helped support risk assets.
  • Treasury yields eased: Lower yields helped growth stocks and supported the tech-led rally.
  • Crypto lagged equities: Bitcoin softened while altcoins remained selective and weak.

This was another week where AI leadership and lower oil outweighed macro caution. Equities remain strong, while crypto still needs stronger breadth and renewed ETF demand.


Emerging Crypto Projects & Ecosystem News

  • Bitcoin ETF flows cooled: Softer BTC action showed that ETF demand remains the key swing factor.
  • Ethereum remained under pressure: ETH continued to lag BTC, keeping broader crypto rotation limited.
  • Solana recovery faced resistance: SOL showed signs of stabilization but still needs a stronger breakout to regain leadership.
  • AI-linked crypto tokens outperformed selectively: Compute and AI-linked tokens showed better relative strength even as BTC and ETH softened.
  • Infrastructure remains stronger than speculation: ETF access, custody, tokenized assets, AI-linked blockchain infrastructure, and institutional rails remain the best structural themes.

Outlook for the Week Ahead

  • Macro calendar: Markets will focus on May jobs data, Fed commentary, inflation expectations, and whether oil continues to ease.
  • Equities: The rally remains powerful but extended. AI leaders must keep delivering to support current valuations.
  • Crypto levels to watch:
    BTC: Support around $72,000–$73,000, resistance around $76,000–$78,000.
    ETH: Support around $2,000–$2,050, resistance around $2,200–$2,300.
    SOL: Support around $80–$82, resistance around $88–$90

 

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.

31st May 2026

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