May 28, 2018 – Commodity Weekly: Corn turned south on crop progress, crude failed to break uptrend-line

Mr Price Action/ May 30, 2018/ Earnings Season/ 0 comments

Commodities continued to outperform last week except Energy sector, as OPEC and Russia were heard they may fill the gap left by Venezuela. As risk off mood spread into some Agri sectors more markets turned south. The strong dollar didn`t hurt the precious metals much, especially gold is holding well as uncertainty around the Italian government looms. 

WTI Crude weekly chart

Corn weekly chart

Sugar #11 weekly chart

Good Luck and remember to watch your risk and be consistent

Mr. Tech Man

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016-2018. 
Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com
Share this Post

Leave a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>
*
*