Commodity Trading Ideas: April 2017

Date of analysis: April 02, 2017

List of calendar commodity spreads I consider to trade in April.

 

Buy Natural Gas: NGU17 – NGN17

long September 2017 Natural Gas and short July 2017 Natural Gas.

Optimized entry date is today (April 2nd), but there is no clear signal to enter.

(click on image to enlarge in new window)commodity trading idea seasonal futures spread natural gas ngu17 ngn17

 

Buy Sugar: SBH18 – SBV17

long March 2018 Sugar and short October 2017 Sugar.

Optimized entry date is today (April 2nd), but there is no clear signal to enter. The long bullish trend started at the beginning of 2017. I will try to follow this trend after small correction supported with my entry signal.

(click on image to enlarge in new window)commodity trading idea seasonal futures spread sugar sbh18 sbv17

 

Less favorite spreads

Buy GFQ17 – GFK17

  • Long August 2017 Feeder Cattle and short May 2017 Feeder Cattle.
  • Less favorite due to not satisfying correlation with seasonal patterns.
  • Entry date is next Tuesday (April 4th).

Buy HEN17 – HEM17

  • Long July 2017 Lean Hogs and short June 2017 Lean Hogs.
  • Reason why is less favorite – again seasonality.
  • Entry date is next Tuesday (April 4th).

Soybeans and products

  • Soybeans prices are trading lower which has also impact into spreads. Reasons are fundamental: Brazil estimates record crop, USA has too many acres of Soybeans.
  • I will observe ZMZ17-ZMV17, ZSU17-ZSX17, ZLZ17-ZLU17.

 

Please read the disclaimer.

 

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