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Commodities Daily Hotline
14 June 2017                            
Summary

Today we initial a shot position in platinum and now watch to see if cocoa can confim a short term base.

Chart of the day:

Platinum NYME (July 17) forms short term top with a price objective of 890. We sell with a stop at 964

Daily Comment:

Cocoa encounters a short term down trend at 25.5 but has found support at 23

Gainers / Losers
Top 5 Gains.
SymbolStockClose% Change
KWN7Kansas City Wheat (KCB) July 17457+3.2%
TINMTin32.83+2.5%
W 1Wheat CBT 1st Month Continuation445+2.5%
W 2Wheat CBT (cont)459.25+2.4%
JO1Orange Juice 1st Month Continuation141.05+2.1%
Top 5 Losses.
SymbolStockClose% Change
NIBCocoa24.64-2.6%
QCN7Cocoa LIFFE (July 2017)1622-2.1%
QC3Cocoa LIFFE (cont)1644-2.1%
PLN7Platinum NYME (July 17)924.2-2.1%
PL1Platinum NYME 1st Month Continuation924.2-2.1%
 
The Commodities Model Portfolio
Date Stock Code Type Open Price Current Price % P&L Target Stop
13 Jun 2017 PlatinumPPLT Short 88.84 88.84 0.00%
Daily Analysis

Symbol Name Comment Close 1 day Support Resistance
DBCCommodityrallies into short term down trends at 1414.25+0.4% 14.2215.76
GSGCommodity IndexedReasserts downtrend13.87+0.6% 13.9015.51
GLTRPrecious Metalsencountered resistance at the top of the range at 65, support at 6063.03-0.7% 6065.20
DBBBase Metalsreasserts medium term resistance at 17, support at 1515.49-0.1% 15.4117
COWLivestockfailed at resistance at 26 with support at 24.3 and 22.60. We watch to buy the consolidation25.19-0.4% 22.7326
DBAAgriculture ETFmaintains medium term downtrend, but found support at 19.519.83-0.4% 19.5020.7
DBOOilfinds support at 8, resistance at 9.58.09+0.9% 89.22
UGASGasolinetest recent lows at 20,20.545-1.0% 20.6523
HEATHeating Oilencounters support at 8.668.6638-0.6% 8.6210.12
UNGNatural Gasretests recent support tat 6.5, resistance at 86.68-1.3% 6.57.75
GLDGoldconsolidates to short term uptrend at 1.20, we watch buy120.48+0.1% 117124.39
PALLPalladiummakes new short term highs and test 2014 highs at 8785.3051-0.8% 72
PPLTPlatinumtrades sideways short term, above recent support at 8688.84-1.7% 7694
SLVSilverrallies into short term downtrend at 17; support at 15, we watch to buy15.95-0.6% 15.3417.55
ALUMAluminiumtest short term support at 2.972.9875-0.2% 2.973.13
JJCCopperhas formed short term base above 26, resistance at 24, we watch to buy29.4963-0.7% 28.1830.67
NICKNickelmakes new lows8.7125-0.2% 10.16
TINMTinreasserts from support at 3232.83+2.5% 31.9634.72
ZINCZinctests support at 77.055-1.4% 77.64
CATLLive Cattlefails to break resistance at 7.817.4525-0.0% 6.797.81
HOGSLean Hogsforms medium term top0.66+1.3% 0.550.67
CORNCornmaintains short term downtrend but possible base above 18 now.19.39+1.0% 18.5819.84
SOYBSoybeanreasserts short term downtrend, to test support at 19.520.3675+0.2% 19.7521.30
SOYOSoybean Oilconsolidates to top to top of medium term downtrend3.864-0.2% 3.704
WEATWheatMaintains short term downtrend, but possible support at 0.7.0.7035+1.9% 0.660.72
NIBCocoaMaintains downtrend, but possible short term support base above 23.24.64-2.6% 2329
COFFCoffeetest recent lows at 1.31.2355-1.0% 1.41
BALCottontrades short term range, with support at 4547.55-0.7% 4560
SGGSugarretest recent lows at 30,29.47-1.8% 35.6


New Signals

P&F Breakouts: Jun 13, 2017.

Symbol Name Signal Signal
Price
Price
Objective
Stoploss Latest
Close
PLN7 Platinum NYME (July 17) Bear928.00890.00964.00924.2

Key Day Reversals : June 13, 2017

CodeNameSignalLatestChange
NIBCocoaPeak24.64-2.6%

MA Crossovers : June 13, 2017
None found

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