Monday was the Chinese New Year. You generally see heavy buying in grains, metals, energies etc. into their New Year. In my opinion, this year will be different. I'd look for selloffs this week in corn, copper, and gold. Here are some trades... take a look.
Look for the deflationary spiral to continue for the next month, meaning continued selloffs in commodities. If you read my previous commentary it discussed a break below the 5-year low of 1.55/lb in copper could push to our next major support of .60/lb.
*look for our commentators every Monday and Thursday on CNBC Morning Call 8:30ET*
Michael Maniatis
Market Strategist
Lasalle Futures Group
888-325-9300
mmaniatis@lasallefuturesgroup.com http://www.timemeansmoney.com/
I like buying march gold 820/800 put spreads at 290or better. Exit strategy would be to exit at $550 or better. Max risk is the $290.
I like selling dec corn at 4230 right now in overnight trading. Risk above 440, look for corn to test 404 lows over the next week.
Sell a dec copper futures at mkt, around 1.52/lb and don't look at a chart for a month. *Don't sell futures in copper unless you have money.* In my opinion copper can fall to .60cents/lb, just don't overleverage yourself.
March Emini SP getting an early rally before the Valentine's Massacre.
Futures and options trading involves substantial risk of loss and is not suitable for all investors. Only risk capital should be used. Margins are subject to change. Past performance is not indicative of future results. An investor could potentially lose more than originally invested. Charts courtesy of barchart.com












