Jan 1, 2018 – Weekly Commodity – Strong year for metals, good for crude and a disaster for agriculture
2017 was very good year for the metals, especially industrial metals were in favour of investors after the EV euphoria spread all over the market place. Crude had also a good year, lathough the main rally came on the second half of the year. The agricultural sector was hot hard by another strong harvest season.
The coming year is promising for crude as China is launching a new yuan based crude futures and increase in volatility is expected. The big question is if any weather shock can help to boost prices of agricultural commodities which in many cases are close to production costs. If the macro picture will keep improving we can see another spectacular year for industrial metals, while precious metals therfore could be under pressure.
Below you find an overview of 3 contracts from a high nominal value WTI, throuught he medium nominal value Corn to a small value Sugar as I used to post it during the year. So everybody can find a contract that suits his account size.
Good Luck and remember to watch your risk and be consistent
All the best in the New Year!
Mr. Tech Man
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