Investor & professional trader | 14+ years in global financial markets | Commodities specialist | Market cycles, macro & risk | Sharing what actually matters.
Yesterday #sugar jumped significantly, today #coffee is on the move. Agricultural #commodities are on the move. And in my opinion it is only the begining of a larger long term bullish trend.
Agricultural commodities are breaking higher again: sugar at an 18-month high, wheat at a three-year high, and coffee gaining ground. Weather risks and supply disruptions are back in focus. The test now: can these moves hold? #Commodities
BREAKING: Iran directly rejects reports that it has agreed to suspend uranium enrichment in exchange for US sanctions relief, saying that reports of Iranian flexibility on the nuclear issue are incorrect, that Iran's position has not changed, and that no discussions are taking place on the matter, an Iranian official tells Press TV.
The official says the US "is trapped in the Strait of Hormuz and is raising the nuclear issue to divert attention from this problem."
Iran declared on Friday it will no longer negotiate over its nuclear program at all, and said it will make no concessions on enriching uranium or shipping its highly enriched uranium out of the country.
This is still my Monthly Gold chart view - Over the next 12+ months. I would expect some sort of low in November-December, where the Moving Averages and Bollingers will have closed up closer to price. A bullish start to 2027 😎
BREAKING: Oracle stock, $ORCL, falls -5% after declaring "force majeure" on a massive data center being built in New Mexico.
Oracle has reportedly made the move in order to shield itself from rapidly rising expenses on the project.
#OIL is pulling back after recent move higher. We are still in uptrend, fundamentally nothing has changed, just short-term sentiment has changed. In my view price will move to 83-86$ zone then start moving up again.
#COFFEE is starting to look very interesting at level 250-260$ when the next major support zone is and with upcoming season in Brazil combined with potential El Niño disruption to crops the bounce from this level might be very substantial.
COFFEE
Brazilian harvest taking prices downwards. Lots of selling pressure going on. But the overall picture remains VERY constructive. When this pressure ends, there'll be an all new scenario to be evaluated, with higher global demand and El-Niño droughts on the the radar.
Focus on the yellow circle on the chart
$CL #USOIL | 3-MONTH CHART
This could be a monumental shift in oil.
With roughly two weeks left until the quarterly candle closes, oil is pressing directly against a multi-decade resistance structure... A confirmed 3-month breakout here would be far more than another short-term move.
It would represent a major structural regime change and open the door to much higher oil prices over the coming years...
Not confirmed yet, but this is one of those charts you do not ignore.
Gold and silver are STILL excellent hedges against long-term monetary debasement (i.e., inflation), and the Iran war has done absolutely nothing to change that.
Learn more in my report:
https://t.co/2sakdxhj49
$PHYS $PSLV
$CL $USOIL +$110 is the monthly (close) trigger...
A monthly close above there opens the door to the much bigger $400+ long-term target. Sounds ridiculous today, but I’ve been on record with it for a while... with a 2040 stretch target around $900.