061909: In another week of churning, many of the major commodity markets continued their recent trending activity. Of particular note this week, a few of the soft markets (coffee, sugar & cotton) are showing signs of weakness. Could this be the beginning of the end of the recent rally in commodity prices? It is too early to tell but it is interesting to note that the long bearish meat complex (a complex that moves in opposite direction to grain prices) has begun to show signs of strength. Considering our proximity to the end of the 2nd quarter, one might want to wait before putting on any new positions until the 3rd quarter had begun in earnest.
That's all for this issue of the WCTS Spotlight,
Brian Beamish FCSI
the_rational_investor@yahoo.com
http://www.the-rational-investor.com
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