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Monday, May 14, 2012

Post 2 this evening

My liking at the present time is for both soft's and grains.
You must remember no matter what happens in the world or what takes place in the financial arena.
We all have to eat, rich or poor we all got to eat.
While commodities will take a beating as the dollar rises grains and soft's might not take as much or if any.
For the simple reason ....Supply and Demand..
Its not rocket science if there is a short supply and everyone whats the product then show me the money as the saying goes.
Lets look at the Astrology first.
Both Coffee and Corn have favorable charts this year. on a 1 to 10 bases I would rate both a 9.
Other grains Wheat and Soybeans I rate a 7 ..

In other words the likelihood of them holding and trading higher is very high.
This is only on an astrological stand point not technical or fundamental.
Over the next 6 weeks we should start to witness crop damages from weather and the like and this will increase the prices of these commodities.

Stay tuned to witness the move
Markers for those who want to keep score.

Coffee 177.40
Corn     583
Wheat  598
Beans  1387




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