From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
There’s always a bull market somewhere.
But the environment is tough right now.
Volatility is sweeping across markets. The dollar is catching a defensive bid. And the major averages continue their downward trajectory as investors desperately look for signs of a bottom.
Yet, despite the bearish action gripping markets, we’re still finding bases we want to buy.
And, to no surprise, many of those smiley faces are in the commodities market.
That’s where we want to focus our attention.
Today, we’ll highlight the wheat complex, outlining some tactical setups that complement our bullish structural outlook for commodities and grains.
Let’s dive in! [Read more…]