“Price developments change very quickly on commodities markets these days,” says Gabriel Andre. Just look at oil. Pushing at $150 a barrel this summer, the black goo is now down towards $100 a barrel. Gabriel says copper prices are also in bearish territory and are likely to fall further…
Wheat prices have risen almost a 150% rise in less than one year. They hit a high of $14.06 in late February. However, prices have been falling back for roughly 6 months, closing price last Friday at $7.51. Gabriel Andre, a former futures and FX trader and portfolio manager now writing for The Daily Reckoning Australia, says the drop is due to: 1) the dollar rally acting as a brake for non-US importers and 2) the easing of export restrictions on wheat.
Gabriel Andre uses technical analysis to forecast the movements of Macmahon Holdings Limited (ASX:MAH). This penny stock made 150% of gains during a six-month period last year, before retracing this year. But Gabriel thinks it could soon be testing the resistance at its historical high of $2…
Commodities have been tumbling for more than one month. Energy, metals and agricultural products have dropped by double-digit percentages. This means there are potential technical rebounds on their way and opportunities to take profit for more or less short-term corrections, says Gabriel Andre in The Daily Reckoning Australia. Corn may be one of those opportunities.