Tuesday commodity market rankings - 9/12/17, By Brad King
There are not many changes today to our rankings but there are opportunities to add/reduce risk going into the end of the week.
If you are long the Dow Jones (see my newsletter) or short lean hogs, roll your options to a lower premium position to reduce some risk.
I am recommending rolling bullish Euro positions into the Canadian Dollar. The Canadian looks to be stronger despite its relative weakness today.
You may add risk to positions in gold and heating oil today. Roll down your calls.
We have seen a dip in the cotton market over the last few days. Buy calls now.
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Bullish commodity rankings
- RBOB/Heating Oil - Roll down calls to add risk.
- Gold/Silver - Rolldown calls to add risk.
- Canadian Dollar - Buy calls.
- Cotton - Buy calls.
- Soybean Oil - Hold long calls.
Bearish commodity rankings
- Wheat - Hold long puts.
- Lean Hogs - Roll down puts.
- Corn - Hold long puts.
- Coffee - Hold long puts.
- US Dollar - See the Canadian Dollar.
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