US dollar to rally temporarily 6/5/9
Natural gas is a BUY, we expect a sizeable move not today or tomorrow but over the next 3 months we anticipate a trade up to $5. Contact us if you agree so you can attempt to take advantage of this. US dollar higher by 130 points with all the major currencies getting hit..can I say I told you so! Agriculture was lower today but higher on the week; we are still short beans and looking for a break in others to be a buyer between now and the 30th USDA report. Gold and silver were lower by $26 and 65 cents respectively. We expect lower prices short term but will be an agressive buyer very soon. We will look to be scaling into longs near $915/900 and $14/13.50. Sugar was the only soft higher, we advised buying yesteday and today to clients. Coffee and cotton were lower as we predicted. Look to be a buyer near 50 cents in cotton and 127 in coffee. We will save the best for last….Euro-dollars were lower by 20 -40 points depending on the contract. If you have not read our Eur0-dollar report yet we suggest you do. http://www.mbwealth.com/articles/eurodollar.pdf
Tags: coffee, commodity, cotton, euro-dollar, forex, futures, gold, inflation, MB Wealth, natural gas, silver, soybeans, sugar, treasuries, us dollar, yield curve
