Play Turner’s Take Podcast Episode 173
If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast!
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
Turner’s Take Spec: https://www.turnerstake.com
Twitter: @Turners_Take
Contact Daniels Trading
To open an account or request more information, contact us at (800) 800-3840 or info@danielstrading.com and mention .
Risk Disclosure
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the “risk disclosure” webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.
About Craig Turner
SOURCE: Daniels Trading – Read entire story here.
