Weekly Commodity Strategy Review
We only published twice this week as my attention was focused on bringing a new Commitment of Traders trading program online. The primary improvement in this version is its ability to lock into large moves and score the occasional big win as opposed to the statistically based days past entry exits we’ve employed for the last few years. I’ll share more after some time trading it on my own account to examine its behavior.
Back to the independent research that separates us from 80% of the commodity trading population. We began this week with a look at the consolidation in the gold futures market for TraderPlanet. We said, “We believe the recent shift towards a more bullish stance by the commercial traders could provide the spark for this market to breach the $1,225 resistance and….”(Yesterday’s high was $1227.7)
Tuesday, our research for Equities.com returned to the bond market for a look at the capitulation we’ve seen as the market fell through considerable technical support in, “Buying Opportunity on Bond Washout.”
One last note about the new trading program. I trade my own capital alongside family and managed money. As it grew over time, I found myself near the program’s limits in terms of size and order execution due to the program’s construction. Our new commercial trader models aren’t as sensitive to price and the trading frequency has been reduced. These two factors will allow us to expand our managed account segment for the first time in quite awhile.
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