03-13-2015 09:03 AM
30 year charts
doing my friday perusal a bit early.
Got a nice long term trendline in zee peegs coming in around low 50s.
As the sasonal premium begins to hit in the May, presumably the April contract would be the obvious candidate.
03-13-2015 03:59 PM
Re: 30 year charts
Just looking at the 5 years on all commodities. Cattle seem to be the only thing in a good selling position.
The dollar looks strong but only because it is compared to other currency. Indexed to purchasing power of goods or services changes that.
A lot of things moving into the "consider buying" position. We are at pre 2010 proces.