This has been a tremendously active week with big volatility and important market turns. We have to begin with last week's gold platinum spread. We outlined the case in our Gold, Silver, Platinum and Copper Outlook. This week, April platinum traded down to nearly a $50 per ounce discount to April gold. Currently, this spread has rebounded to approximately a $5 discount. That's as much as $4,500 profit depending on the entry point.
Moving to this week's activities, we published a COT Buy signal in the crude oil market for TraderPlanet on Monday morning in,
Commercial Traders' Shift is Fundamental/Technical Trigger.
The crude oil trade came straight from our nightly Discretionary COT Signals email to which we offer a 30-Day Free Trial.
Tuesday, we shifted gears towards the currency markets. Unsurprisingly, the bottom and rally action in the crude oil market also provided a boost to the heavily energy price dependent Canadian Dollar. Our examination of the commercial trader activity in this piece was a great example of the big picture perspective they have on the markets. You can read more in, "Is the Canadian Rout Over?"
Our final commodity futures piece of the week focused on the seasonality and predictive behavior of the commercial traders in the May oat futures market. We showed the general seasonality along with a spreadsheet of the last 10 years which helped extrapolate the general pattern into today's market and prices. We put these charts together for our weekly piece, "Combining Buy Signals in Oat Futures."
