Hey you seem to follow all the commodity markets. What commodities do you think have good tradeable price action in the early morning hours, say 6 to 9? Since you like posting pivot point levels so often, figured you'd have an opinion.
Thanks! I trade CL exclusively now, but I'm hoping to branch out to a 2nd instrument soon. Appreciate the recommendations!
KC Wheat - Chicago Wheat Spread below. Newsletter #1249 with MUCH more information is now live. Focus this week shifted squarely back to President Trump and his trade policy. With the OBBB signed into law, US equity markets running at all-time highs, and bond markets stayed generally well-behaved, Trump ratcheted up the pressure on trading partners to get deals over the finish line. Trump’s decision to delay the reciprocal tariff implementation date from July 9th to August 1st initially boosted sentiment, but came alongside letters to key trading partners South Korea and Japan threatening to essentially raise tariffs back towards the original Liberation Day levels of 25%. Trump also introduced a punitive 50% tariff on all copper imports while also teasing upcoming announcements on pharmaceuticals and semiconductors. A slew of trade letters went out as the week progressed including ones that flagged 50% tariffs on Brazil and 35% tariffs on Canada, while noting all remaining countries are set to pay 15-20% tariffs in the absence of a deal. Treasury Secretary Bessent indicated he received an influx of new trade offers, providing some hope agreements can be reached by the end of the month.
Will do! I've never even glanced at bond charts before, but I'm open to anything scalpable that allows for tight stops.