From the Desk of Ian Culley @IanCulley
Danger Will Robinson, Danger!
Cocoa futures have violated a parabolic trendline.
And it may not be safe for bulls to hold their long positions…
Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @IanCulley
Danger Will Robinson, Danger!
Cocoa futures have violated a parabolic trendline.
And it may not be safe for bulls to hold their long positions…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Inflation is proving sticky.
So what?
Stocks remain buoyant.
And bonds – the largest market in the world – continue to reveal a risk-on environment.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Market participants are searching for a new narrative.
Their uncertainty-fueled meandering is breeding US dollar strength.
Will the Fed cut, or will they simply do nothing at the March meeting?
No one knows.
But risk-on currencies have halted their recent advance. And luckily, we have price to light our way…
by Ian Culley
From the Desk of Ian Culley @IanCulley
A risk-off tone is blanketing the precious metal space as a key data point suggests more pain ahead…
Silver is underperforming gold.
by Ian Culley
From the Desk of Ian Culley @IanCulley
What goes up must come down.
It’s an old commodity market maxim that never fails to deliver. The cattle, sugar, and OJ markets embodied this truth last year.
But as the calendar flips to 2024, it’s time to track those markets that failed to launch in 2023.
Here are three of my favorites…
by Ian Culley
From the Desk of Ian Culley @IanCulley
US treasuries finished 2023 with a bang, hitting our initial targets before Christmas.
But the long-bond trade is losing its luster.
Resistance is now coming into play as the bond market catches its breath…
by Ian Culley
From the Desk of Ian Culley @IanCulley
It’s a new year with unlimited possibilities!
Even ol’ King Dollar is turning the page, embracing 2024 and everything it offers with open arms. It’s shaken off the selling pressure from 2023 and appears ready to turn over a new leaf.
But a bigger dollar rally might need a little help from a nearby friend.
More on this idea in a second.
First, let’s check out the US Dollar Index $DXY chart…
by Ian Culley
From the Desk of Ian Culley @IanCulley
The first day of trading is full of uncertainty and excitement.
Aren’t they all!
Yet the new year brings one promise: events that have yet to come.
As corny as it sounds, it’s true.
Sure, precious metal bulls see new all-time highs for gold on the horizon.
But let’s not get ahead of ourselves on day one.
Instead, let’s start the year with a long-term chart of gold…