Play Turner’s Take Podcast Episode 173

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The macro markets are turning bullish as the US government nears a budget deal and the US & China make progress on trade.  The S&P is now above the 200 day moving average.  This should all be supportive of the overall markets.  Ag and Energy traders will be watching the US/China negotiations at all times.  We go over our ideas on corn, soybeans, crude, RBOB gasoline, hogs, cattle, coffee, sugar, and cotton.  Make sure you take a listen to the podcast!

Emini S&P Above 200 Day MA

The emini S&P 500 is trading above the 200 day moving average. The US government making a budget deal and a resolution to the US/Chine trade dispute will go a long way to stabilize the market.  It is hard to argue a continue of the bull market and we like playing the ranges. I think we trade between 2640 and 2820 as the market consolidates.

DAILY EMINI S&P 500

CATTLE

April Cattle is trending higher but we are reaching prices that may prove to be burdensome on demand.  Seasonally we tend to make a top in cattle at the end of the winter.  The funds are very long the cattle market and if this breaks the long liquidation could take days.  STAY TUNED!

APRIL CATTLE

 

About Turner’s Take Podcast and Newsletter

If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!

While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert for spec traders and Turner’s Take Ag Marketing for hedgers. Want to know what to look for in the commodity futures markets? Take a listen to Turner’s Take podcast!

Craig Turner – Commodity Futures Broker

Turner’s Take Ag Marketing: https://www.turnerstakeag.com

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Twitter: @Turners_Take

Contact Craig Turner