Wednesday commodity market rankings - 11/15/17, By Brad King
We have seen some weakness in equities in the last week. I would like to use this opportunity to roll Dow positions into the Nasdaq.
I would recommend adding some risk to RBOB, cocoa, and live cattle then re-evaluating next week.
It looks to be time to reduce some risk in wheat. Roll down your puts today. You may do the same with corn.
For new positions...I am recommending getting long sugar this week.
That's all for today. I will update here again next week.
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Bullish commodity rankings
- RBOB Gasoline - Hold long calls - add risk.
- Live Cattle - Buy/Hold long calls - add risk.
- Cocoa - Hold long calls - add risk.
- Nasdaq - Buy calls and exit Dow options.
- Sugar - Buy calls.
- Wheat - Hold long puts - reduce risk.
- Coffee - Hold long puts.
- Corn - Hold long puts.
- Swiss Franc - Hold long puts.
- Natural Gas- Buy/Hold long puts.
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