Welcome to the subscription service of the MMTA ICR Commodities Report

IN THIS ISSUE:

XAU / KA – Mark Shtayerman MJ – Gianni Di Poce

C / W / KT – Izabella Suleymanova LC – Massimo Moras

The MMTA ICR Commodities Report provides geocosmic and market cycle analysis using the MMA methodology from the Merriman Market Timing Academy (MMTA) to markets such as Gold and Silver Mining Stock Index, Cannabis, Live Cattle, Corn, Wheat, Sugar, and Coffee.

As you read our analyses, please provide any observations, corrections and your insights to the research team. You may contact the analysts through the MMA office at customerservice@mmacycles.com. Simply include the analyst’s name in the subject line and the email will be forwarded to the appropriate recipient to respond to your inquiry.

Mark Shtayerman

- Editor

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VOL. 5, NO. 7 Commodities

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COMMODITIES REPORT

VOLUME 5, NO. 7 – July 3, 2019

July 3, 2019 2

GEOCOSMIC PERSPECTIVES

Written by Mark Shtayerman, Poway, CA, USA

Mars Conjunct Saturn in Capricorn In Volume 4.4 (April 2018) we discussed the effects of the conjunction of two malefic planets: Mars and Saturn, which occurred exactly on April 2, 2018, (at 12:19 pm, Washington DC). This event occurs every other year and the next conjunction will take place on March 31, 2020. However, this conjunction occurred in Capricorn, where this conjunction gets an additional boost as Saturn is in the sign of his rulership and Mars is exalted; a phenomenon which occurs approximately every 30 years.

We have discussed how this conjunction has been associated with various disasters such as a stock market crash: “The Panic of 1901, started on May 8, with a strong decline of stocks after failed attempted at cornering the market and taking control of the Northern Pacific Railway. The depression that followed lasted 3 years and there was a drought that lasted for a few years. Many small investors got wiped out.” And: “the Wall Street crash of 1929 also preceded this signature and had an accompanying drought. This was the beginning of the 12-year Great Depression. Many farms and houses were lost because people speculated and leveraged up to buy stocks, thus losing their fortunes once the loans got called in. Great dust bowls formed during this period from a combination of the drought and excessive farming…”

A strong gold rally: “In 1960, during the third Presidential debate between Kennedy and Nixon, a question of capital flows came up. Kennedy answered by stating that gold outflow from the United States was not a result of trade, but rather from building military bases everywhere and playing the part of the world’s policeman. This meant that the Bretton Woods agreement (created at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire, from July 1 to July 22, 1944; under the agreement, currencies were pegged to the price of gold, and the U.S. dollar was seen as a reserve currency linked to the price of gold) was failing and that capital was flowing out of the United States. This sparked a strong gold rally in London to an, at the time, all-time high of $40.”

And a regime change: “The last time we had this aspect was March 1, 1990; preceding it, the Berlin wall fell on November 9, 1989, and the communist regime of the U.S.S.R. and its fellow satellite states fell soon thereafter.”

Based on these observations we have made predictions and many of them came true. We stated: “The fourth house relates to weather, agriculture, crops, mining, and the political party out of power. The two malefic planets in this house may afflict the United States government through it’s opposition to the 10th house. That is we may see paralysis between the ruling party and the party out of power. Also, the U.S. natal Sun, representing the president, is in the 12th degree of Capricorn is in opposition to the Mars-Saturn conjunction. This would indicate that the fight between the Democrats and the president may go into overdrive for the duration of this aspect, is until the next conjunction which is in two years.” In the past year and especially past six months the Congress has been on the war path to impeach the President and undermine his authority. This year’s weather had been radical to the point that the grains like wheat, corn and soybeans could not be planted throughout the United States to provide ample harvest and thus we had rallies in those commodities.

Also we have pointed out terrorist attacks and epidemics: “This means that this geocosmic event relates to the army, navy, and police personnel. It also relates to industrial disputes and strikes and conflicts and terrorist attacks, as well as fire services, arson, trade unions, health services, and epidemics.” Another day and another shooting, with this last one occurring in Virginia where over a dozen of people died. And with regard to epidemics, we have medieval diseases like hepatitis, typhus, tuberculosis, and even the bubonic plague on the rise. (https://www.theatlantic.com/health/archive/2019/03/typhus-tuberculosis-medieval-diseases-spreading-homeless/584380/). Lastly, we were also the first ones to predict that the tariffs and trade wars are coming: “So expect tariffs and trade wars to escalate over the next two years.”

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We approached the midpoint of this geocosmic event as transiting Mars made an opposition to transiting Saturn on June 13, 2019. Whenever the energies of Mars and Saturn are combined in an aspect, we can get positive outcome of enthusiasm and energy of Mars is combined with the perseverance and endurance of Saturn. However, in a disharmonious aspect such as an opposition, one can expect crisis, hardships and various unexpected difficulties. Attempts to fix situations are not usually fruitful.

This aspect gets a bit more difficult as Saturn has ingressed into the seventh house of the natal US chart. This will impact the relationships with partners, foreign nations and their attitudes, international disputes which may result in wars, or signings of long-term agreements and contracts. The opposition aspect points out to lack of understanding of foreign nations and the bringing of that to conflicts and disputes. Generally, this is not a good time for making deals as it will not be a win-win for both sides. We also need to point out that Mars is in Cancer where it is in fall. Thus, the energy of Mars will be misallocated. Any fast decisions or actions will not bring expected results as critical thinking is lacking. We see that in the rash push for the impeachment of the President of the United States by the House Democrats, which is based on critical thinking that many independent analysts show that it would actually be detrimental to the Democrats.

Now the period until June 25, 2019 was very difficult for President Trump as transiting Mars will conjunct his natal Saturn. Saturn will make an opposition to Trump’s natal Saturn in January 2020. This is a very difficult aspect, it can either kill a person or make them stronger. The person who is experiencing this aspect may see losses, injustice and betrayal. However, politicians with great power and unlimited inner strength may be able to transmute this aspect. That loss and that betrayal may well become a battle cry for the successful re-election campaign. The next presidential term may become transformative as enemies both internal and external are defeated. We will examine how successful the re-election campaign will be closer to the election period.

Note: The geocosmic event time zone currently used for this report is Eastern Standard Time in coordination with New York markets and established MMA/MMTA methodologies.

July 3, 2019 4

GOLD AND SILVER MINING STOCKS (XAU)

Written by Mark Shtayerman, Poway, CA, USA

Review

Since the last report (Vol. 5.6) XAU completed a long-awaited primary bottom on May 22, 2019, at 65.85 and started a phenomenal five-week rally that pushed XAU to a year high at 85.93 on June 25, 2019, just one day after our June 24, 2019, Critical Reversal Date (CRD). This was a rally of over 30 percent in just five weeks. XAU closed the month at 84.13.

Trend Indicators

The longer-term view has not changed much from Vol 5.3: “The low on January 19, 2016, at 38.36, was the beginning of both the long-term 7-year cycle and the first 36-month cycle (of the 7-year cycle). The second 36-month cycle began September 11, 2018, at 60.59 . . . . The 36-month cycle divides into three 14-month intermediate cycles with an orb of 3 months.” The week of July 1, 2019, starts the tenth month of both the second 36-month cycle and the first 14-month intermediate cycle, which also began from the low of September 11, 2018, at 60.59. We do expect the bottom of the 14-month cycle to coincide with the bottom of this new primary cycle.

The 14-month cycle breaks down into two or three 26-week primary cycles with an orb of 7-weeks. The week of July 1, 2019, starts the 6th week of the second primary cycle within the 14-month cycle. The previous cycle has concluded with the decline to a 65.85 low on May 22, 2019, on the 36th week. This was definitely an expanded cycle, but not the longest cycle on record. We are also in the 6th week of the first major or half-primary cycle. If it is a major cycle, then we are expecting a corrective decline to occur over the next one to six weeks. If it is a half-primary cycle, we could see a push for a higher high and then a decline that is expected to occur in late July through late September. Let’s see how the cycle develops as the Mercury retrograde may cloud the cycle.

Chart A: XAU Daily Chart as of June 28, 2019. Black is the 20-day MA, Red is the 60-day MA. Blue horizontal lines are former highs and lows. Short dark red lines show stochastic oscillator divergence.

Technical

On the daily chart (Chart A), the price (84.13) is above the 20-day moving average (MA; 77.95) and is above that of the 60-day MA (73.12), with the faster MA above the slower and price above both, which is very bullish.

On the weekly chart (Chart B), the price (84.13) is above the 13-week MA (73.38) and above the 30-week (73.22) MA, with the faster MA slightly above the slower and the price above both, which is very bullish.

July 3, 2019 5

On the monthly chart, XAU (84.13) is above the 18-month MA (75.24) and above the 42-month MA (79.96), with the faster MA below the slower and price above both, which is mostly bullish.

Chart B: XAU Weekly Chart as of June 28, 2019. Black is the 13-week MA, Red is the 30-week MA.

Geocosmics

In Vol. 5.4 we stated: “Venus conjuncts Uranus May 18, 2018[,] and during that time we can expect breakouts of well-defined support and/or resistance levels . . . .” In a previous issue we added: “So far the low hit May 17, 2019, but it is not clear whether it was a primary cycle low or not. The low occurred one trading day before Venus conjoined Uranus, which is a strong reversal signature, so it can be the low we are waiting for. However, this aspect will be valid March 20+/- 3days and the market may go slightly lower before it reverses.” XAU continued decline for another three days and finally reached the bottom May 22, 2019.

We also said: “Neptune turns retrograde June 21, 2019, offering false hopes and unrealistic expectations. Quite often rumors will drive the market up, but that upward drive dissipates shortly after the aspect is over; it just requires a wider orb. Venus opposes Jupiter June 23, and immediately after that, it squares Neptune the very next day, June 24, 2019. This may be the last attempt toward a peaceful agreement that will most likely pass as wishful thinking.” So far, the high was June 25, 2019. Now we have mixed signals: On the one hand, heliocentric Mercury enters Sagittarius July 1-12, which is in most cases is a bullish signification; on another we are expecting a decline. Also, the Trickster turns retrograde July 7 till August 1, 2019, making trading more complicated as it likely will be changing direction every 2-4 days. We may also add that Mercury conjuncts Mars on July 8, 2019, which is another reversal signature.

Then we have a series of aspects that follow each day, including the Sun’s opposition to Saturn on July 9, the Sun trine Neptune on July 10, Mars square Uranus on July 11, and, finally, the Sun’s opposition to Pluto on July 14, 2019. That mixture of aspects also gives conflicting signals as well, possibly driving the market up and then immediately down. It will not be safe environment to trade.

Venus opposition to Saturn on July 17 and Venus trine Neptune the next day, July 18, 2019, are not very strong, but together they may have a restrictive influence as, on one hand, fear is a dominating force and, on another, uncertainty. The opposition of Venus with Pluto on July 21 adds more desire for safety, but the next aspect, Mars trine Jupiter on July 25, 2019, signals that a new wave of hope is coming, which sometimes signifies the end of a cycle and a new beginning. The last aspect of the month is the Sun square Uranus on July 29, 2019, which is a very strong and consistent reversal signature. The end of the month will be very volatile as the influence of Uranus is always unpredictable. Also, Mercury will be turning direct August 1 and there is one more aspect of Uranus: a square with Venus on August 2,2019. We can expect violation of support and resistance along with a strong volatility.

Critical reversal dates: June 21-24, July 2, July 11, July 26-29, August 2, August 11, 2019, +/- 3 trading days for each.

July 3, 2019 6

Price Objectives

We have pushed to a high of some significance with the rally to 85.93 on June 25, 2019. The rally was held by the resistance resulting from the expansion of the resistance line formed by the primary tops of February 2017 and January 2018. So far that resistance is holding. We are approaching the period where XAU is expected to decline, and then push through this resistance as a rally is not expected to penetrate the first attempt. Thus, we expect a decline to a major bottom at 75.89+/-2.37 based on Fibonacci corrective decline or to a half-primary bottom at 72.88+/-4.02. An additional price point comes from the double bottom to the December 2017 14-month low of 75.65+/-1.14.

After that expect a rally to 85.93+/-1.29 to the June 25, 2019, high as a double top (also the above-mentioned multiyear resistance is there, too), 92.94+/-1.39 as a double top to the January 2018 high, or even as high as 114.71+/-1.72 as a double top to October 2016 high. Higher price points exist, but let’s first get there.

Bias

We are turning a bit bearish for the shorter term as we are expecting a corrective decline, but after that we will be expecting a strong rally to a possible multiyear high.

Strategies

Position and Aggressive Traders were advised in Vol 5.6: “We are long. Let's set the stop loss at 64 as we should be getting either a new primary low or a complete breakdown in XAU.” Then we sent out a recommendation on June 20, 2019, about exiting some to all longs with the recommendation that aggressive traders even probe the short side. If you are on the sidelines and a position trader, wait until the major or the half-primary cycle occurs at 75.89+/-2.37 or 72.88+/-4.02, respectively. If you are an aggressive trader, then you are short, or you can go short now. Set the stop loss on a rally above 87. Look to exit at the price points for the major or half-primary cycles (75.89+/-2.37 or 72.88+/-4.02). Get out of half at the first price objective and the second half at the second price objective, if offered. Lower the stop loss from 87 to 79 once the first price objective is met. After that, follow the recommendation for the position traders.

CANNABIS (MJ)

Written by Gianni Di Poce, USA

Review

The Alternative Harvest Cannabis ETF’s two debut reports were initially featured in the MMA Cycles Report. This particular edition marks the transition of this cannabis ETF into the International Cycles Report. MJ closed out this past week at 31.68. It is likely in the 4th week of a newer primary cycle, of which data has shown tend to last 20 weeks on average.

Longer-term Cycles

The week of July 1 will only mark the 187th week, 43rd month, and almost 4th (3.58) year of this ETF’s existence. As a result of the underground status for cannabis markets over the past several decades, there really isn’t enough data to statistically establish any solid long-term cycles. This especially pertains to the yearly-level cycles. There does, however, appear to be a semblance of a 50-week cycle. The problem is, there’s only 3 of those cycles that have unfolded completely, which is nowhere near enough to back that quantitatively. But since it is considered an equity of the sort, we can temporarily borrow this number from other equity markets. Equity indexes in Canada and the U.S. bottomed on December 24 and December 26, respectively. Canada is included because it is legal nationwide there, and according to the ETF’s most recent fact sheet, about 55% of the fund invests in Canadian companies. For both countries, the December lows marked the end of a 50-week cycle. Therefore, the week of July 1 should mark the 27th week in this intermediate term cycle.

Primary Cycles

There have only been 9 primary cycles that have been completed since the inception of this ETF on December 5, 2019. As mentioned above, primary cycles in MJ have been shown to last about 20 weeks. The latest one seems to have ended on June 3, when MJ hit a low right at 30.00. It lasted 23 weeks, and is the second longest primary cycle to have occurred in MJ’s history. The longest one on record is 26 weeks, while the shortest one is 15 weeks.

July 3, 2019 7

Chart A: MJ Weekly Chart as of June 28, 2019

In terms of the major cycle, the week of July 1 will mark the 4th week. Similar to other markets, major cycles tend to last between 5-8 weeks. This current major cycle’s crest could have formed early in the 2nd week; but there still may be enough time for another quick pop either this week or next to make a new cyclical high. Either way, a major cycle trough will be due no later than 4 weeks from now.

Chart B: MJ Daily Chart as of June 28, 2019

Technicals

The technical picture is actually fairly neutral on MJ. It is bearish in the sense that it declined 11 weeks from crest to trough, but it’s bullish in the sense that the June low was still significantly higher than the December low. In terms of technical patterns, the weekly chart exhibits a large symmetrical triangle pattern. These patterns are traditionally continuation patterns, meaning they tend to resolve in the direction of the underlying trend, which in the case of MJ in the long-term, has been steadily up. On

July 3, 2019 8

the daily chart, there is a declining price channel in which this ETF has been trading over the last few months. At times, these patterns can cause reversals in price. However, the fact that the RSI indicator hit oversold when MJ bottomed on June 3 could mean that the sell off isn’t over yet. In summary, time (primary cycle) and price (technical patterns) lean bullish, while momentum (RSI indicator) lean bearish.

Geocosmics

There are two CRDs in July, between 12-15 and July 26. The first CRD could coincide with a major cycle crest or low for this market. It really depends on how this current major cycle unfolds. The first CRD has geocosmic signatures such as: Sun trine Neptune (July 11), Mars square Uranus (July 11), Sun opposite Pluto (July 14), and a Lunar eclipse (July 16). Sun trine Neptune is perhaps the most pertinent to the MJ ETF. Not only due to drug-related nature of this stock (drugs ruled by Neptune), but also because many of this ETF’s holdings happen to be in the health care sector, which is ruled by Neptune as well. The second CRD carries aspects such as Mars trine Jupiter (July 25) and Sun square Uranus (July 29). Venus will ingress into Leo on July 27, and Mercury will end its retrograde motion and go direct on July 31. Note that Mercury will be retrograde throughout most of the month of July.

Bias

The current bias on MJ is neutral-leaning-bullish. There is ample evidence to suggest MJ’s retreat maybe complete, but confirmation from price is still needed. A close above 34.10 would likely be the signal that this primary cycle will be bullish. Otherwise, there remains a chance that it could fall lower for the next few months. The primary cycle would turn bearish if it closes below the June 3 low at 33.00.

Strategy & Price Objectives

Position traders: Those that went long from the sample reports may or may not have been stopped out. It was stated, “Stop losses remain no lower than a close below 30.80 or 29.00, depending on one’s risk tolerance.” It bottomed virtually right in between those levels. Either way, since this is a new report, consider going long on a close above 32.95. Keep stop losses no lower than a close below 30.70. Only take this trade if it happens before Mercury goes retrograde on July 7.

Aggressive traders: All those that were long from sample reports were stopped out. Consider going long again on a close above 32.95. Keep stop losses no lower than a close below 30.70. Aggressive traders need not worry about Mercury retrograde in terms of taking new positions, but if MJ pops and rallies to 36.25 +/- 25, reduce long exposure by 1/3.

LIVE CATTLE (LC)

Written by Massimo Moras, Italy

Review

Live Cattle is undergoing a severe decline but with Uranus in Taurus for the next 6 years, a large rally is still expected, and thus a buying opportunity may be setting up once again. As many of devoted MMA readers already know well, the correlation of Uranus as a reliable indicator of a sharp price increase (2-5 years boom) in the sector under the domain the planet is transiting through, followed by 2-5 years of price collapse (bust), is a rule confirmed by years of observations and research studies in the fields of Mundane and Financial Astrology as it relates to human activity. The symbol of Taurus, the bull or the male counterpart of the cow (both live cattle), could be a strong indicator of the sector that might experience the new boom/bust scenario. So, Live Cattle are a choice for a big Uranus-in-Taurus rally. It started from the low of mid-May 2018 at 98.100, when Uranus first entered Taurus, but after a 32.9% rally to a top of 130.45 in March 1, 2019 prices went all the way down and now, they are dangerously close to the October 2016 low that started a new longer-term cycle at 96.100.

Longer-Term Cycles:

As you can see in the monthly chart shown here, prices are below both moving averages, with 23-month MA slightly above the 36-month MA, so the longer-term cycle status is now neutral but turning bearish. It would turn definitely bearish once prices should break under the October 2016 low at 96.100 that started the new 5-7 year longer-term cycle.

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Chart A: LC Monthly Chart as of June 28, 2019

As stated before: “The longer-term Live Cattle cycle (6-year type) has a range of 5-7 years. This cycle can be seen going back to 1985, and weaving nicely with the 5-6 years cycle between then and May 2002. However, after 2002, they began to expand. The following long-term cycle was in December 2009, which fits the 7-year pattern, but was extremely long (91 months, when the prior longest 6-year cycle was 73 months). Based on the fact that 6-year cycles have been in force for over 30 years, we will start with the idea that there will be a 5-7 year cycle trough – and probably closer to 7.5 years. Ideally this low will happen in 2022-2023, or 6-7 years following the low of October 2016. If correct, it would also coincide with the orb of influence in the course of Uranus transiting through Taurus and the possible 2-5 years of price collapse (bust) following the 2-5 years of a sharp price increase above its low in May 2018, when Uranus first moved into Taurus”.

Chart B: LC Weekly Chart as of June 28, 2019

If this longer-term cycle labeling is correct which is if the low of October 2016 is the start of a new longer-term cycle and the longer-term cycle status turns bullish, then we will see prices breaking above the upper line of a triangle formation that began with the high of March 2016 (see weekly chart). This trendline is now around 129.25. As stated before: “When prices start

July 3, 2019 10

to close above the neckline (A-B), this bullish chart formation is activated with an upside “breakout” price target of 188.1 +/-11. Failure to get above there shortly could be worrying. It could imply that this sector, like banks also ruled by Taurus, might not be the “chosen one”. But now, for us, the key will be the test of the (H-X) trendline shown in the weekly chart, now around 98.250. Live Cattle would need to stay above that to retain its neutral chart formation. A breakout of that lower line of a triangle formation would project a downside price target of 67.250 +/-3.65.

The Primary Cycle:

Typically, there are three or four primary cycles within the 23-month cycle. The low of August 27, 2018 (106.20) in the June contract was the bottom of the first 18-28 week primary cycle within the 23-month cycle in Live Cattle. The low of March 12 (117.925) in the nearby contract was the second primary cycle. That means this current primary is the third one of a new 23-month cycle that started from the low of October 2016.

Chart C: LC Daily Chart as of June 28, 2019

July 1 starts the 16th week of a 18-28 week primary cycle off the 117.925 low of March 12, the third one within the 23-month cycle. That is bearish, for prices have already declined below that starting point. As written in our last report: “…the primary top already occurred on March 22, the 2nd week of the cycle, at 124.90. This is not very common, but it is possible because the last phase of any cycle in a bull market is the most bearish and in bear markets prices tend to peak in weeks 2-5. Therefore, the rally to the crest of this phase would only be corrective in nature, with a price target zone of 122.70 -125.65. The March 22 high was right in this range. This would indicate that Live Cattle could be down for several more weeks, perhaps 8-18 weeks, probably to the low of the previous primary cycle of August 27 (106.20 in the June contract) or even to test the lower line of the triangle formation discussed earlier, since the steepest decline of the entire cycle is likely to unfold in this last phase”. We had that, with the low so far at 101,975 on June 24 which is very close to the (H-X) trendline shown in the weekly chart, now around 98.250, after a 18.3% decline from the primary top at 124.90 on March 22.

So, after the starting point of this primary cycle, Live Cattle rallied to 124.90 on March 22. It then broke below the previous primary bottom five weeks later, on April 25, and bottomed on June 24 at 101.975, during the Level 1 geocosmic signatures with Venus (ruling Taurus) opposite Jupiter and square Neptune, for a possible expanded 9-14 half-primary cycle low. As you can see in the weekly chart, the stochastics are in oversold zone, exhibiting a double looping formation, with prices closing the 15th week of this primary cycle at 104.350 in the higher half of the weekly bar. In this labeling, once the low is confirmed by a close above the 45-day MA (now around 107.309), we can expect a rise to the half-primary cycle crest in the next one or two weeks. The retracement rally would be as much as 45-85% of the swing down to the half-cycle trough. So, the upside target for a top would be in the range of 112.290 - 121.460. Just be aware that when markets reverse during a retrograde Mercury (July 7-31) the retracement may not be a normal correction of the trend in effect. It may be much more or much less.

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Trading Strategies:

Position traders: of Live Cattle need to be careful from the long side at least until the longer-term cycle trough will be confirmed. You may stand aside until that happens.

Aggressive traders: could look to go long on any corrective decline, against a close below 101.975, once the half-primary low has been confirmed by a close above the 45-day moving average. They may look to book profit in the range of 112.290 - 121.460 and probe the short side against a close above the upper end of that range, being aware of the considerations made above about Mercury Rx during July 7-31.

CORN (C)

Written by Izabella Suleymanova, San Diego, CA

Review

Since the last report, Vol 5.6, Corn continued rallying from the 60-week low of May 13, 2019 at 335.5 and reached the crest of 464.25 on June 17, 2019 on the day of the Critical Reversal Date. This may have been a major or greater top and reached a 5-year high. The rally was up over 38 percent in a matter of a month. Since then, Corn declined a bit and was in congestion until June 28, where Corn first rallied to 455.0; then declined to 411.0 (possibly a major bottom) and closed the month at 420.5. This was a big range day for Corn as it moved 10 percent.

Trend Indicators

The longer-term view has not changed since Vol 4.6: “We have officially rallied above 394.5, thus we can say that the multi-year bullish market is on. An additional consideration for the bullish grain markets is that we are entering a multi-year solar minimum, which can lower yields and thus drive the prices higher.” Longer-term we are looking for higher highs in all grains.

Chart A: Corn Daily Chart as of June 28, 2019. Black is the 25-day moving average, red is the 56-day moving average

We also stated in Vol 4.8: “The decline was to 329.75 on July 12, 2018, which is a just a hair above the Aug 31, 2017 low of 328.50 and thus this could be a 30-month cycle low that came in on the 23rd month. This cycle has a wide orb of 8 months so we are barely within that cycle range. We would like to point out that the newer 17-year cycle (we are re-evaluating the duration of the 19-year cycle to 17 years) is still valid as we are getting higher highs and higher lows. To further cement this outlook we would need to rally above 412 high of May 24, 2018, and then above June 2016 high of 439.” We did get above 439 with a rally to 464.25 on June 17, 2019.

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The low of May 13, 2019, at 335.5 was the low of the 60-week intermediate cycle. Thus, the week of July 1, 2019, will start the 7th week of the newer 60-week intermediate cycle and the first 25-week primary cycle within the intermediate cycle. We are also in the time range for the 10-week cycle low as it has an orb of 3-weeks. The low of 411.00 on June 28, 2019, may have been it, however, it would be a bit early and we did not have a geocosmic signature to confirm it. Thus, we should be expecting a major bottom in the next six weeks.

Technical

On the daily chart (Chart A), the Corn price (420.25) is below the 25-day moving average (MA; 432.44) and above the 56-day (393.52) MA, which is neutral, as the price is between the two moving averages where the faster MA is above the slower one.

On the weekly chart, the Corn price (420.25) is above the 30-week MA (382.05) and above the 66-week MA (374.67), which is very bullish, as the price is above both and the faster MA is above the slower MA.

From the monthly moving average studies, Corn prices are above the 18-month (375.56) and above the 45-month (364.40) MAs, which are bullish, as the faster MA is above the slower one and the price is above both.

Geocosmics

In our previous issue we stated: “The time frame from June 14 till June 17, 2019, contains strong and important geocosmics. Mars trine Neptune and Mars opposite Saturn are usually associated with political tensions and winds of war. That will be followed by the second passage of Jupiter square Neptune June 16, 2019, which is a very strong and important planetary aspect for grain. We expect reversals during that time frame… Mars continues its aggressive stance, and on June 19, 2019, it opposes explosive Pluto. That aspect may play a big role in drastic weather and that may drive grain prices higher”. It is not clear for now if the crest of June 17. 2019, was a major cycle top or greater. That critical reversal date of June 14-17, 2019, was also mentioned in Ray Merriman’s book, Forecast for 2019.

It is too early to call the low of June 28, 2019, as there were no geocosmics around that date unless smoky Neptune who turned retrograde on June 21, obscured the picture, as quite often its influence becomes apparent after smoke subsides. Another explanation is that the low of June 28, 2019, was a possible major cycle low is connected to a solar eclipse that took place July 2, 2019, and that low occurred two trading days before an eclipse, but it is not our bias. Usually solar and/or lunar eclipses have an impact on grain. We also mentioned: “It is important to keep in mind that Mercury turns retrograde on July 7, 2019. Within the orb of one-week markets become volatile, unpredictable and technical pictures are usually violated”. Mercury turns direct August 1, 2019, so during that time, the market will be volatile, changing directions every 2-4 days.

The month of July is pretty intense, starting from July 9 till July 29, 2019, we have nine aspects and a lunar eclipse July 16, 2019. We subdivide that huge cluster into three smaller ones. The first one starts with the Sun in opposition to Saturn July 9, 2019, immediately followed by Sun trine Neptune the next day, July 10, 2019. Aggressive Mars squares unpredictable Uranus July 11, 2019. That cluster is completed by the Sun's opposition to Pluto July 14, 2019, and reversal may take place during that time.

The second cluster is held under the auspices of Venus. Venus opposition to Saturn takes place July 17, 2019, immediately followed by Venus trine Neptune July 18, 2019, and Venus in opposition to Pluto as the last aspect. At this time, the market will be quieter due to the softening influence of Venus.

The last cluster of the month starts with Mars square Jupiter on July 25, 2019, which is an overly active and optimistic aspect with the possibility of large price swings. The whole picture will be magnified by two squares with Uranus: the Sun squares Uranus on July 29, 2019, and Venus squares Uranus August 2, 2019, as both aspects bring unpredictability, violation of support and/or resistance and on top of all this, stationary Mercury turning direct August 1, 2019, adds even more volatility.

Critical reversal dates: June 21-24, July 2, July 11, July 19, July 26-29, August 2, August 11, 2019, +/- 3 trading days for each.

Price Objectives

A corrective decline in Corn is expected to be 399.75+/-15.25 based on Fibonacci retracements for the major cycle. After that, the price objective is 327-382 based on the support zone made by the longer-term moving averages. After that, Corn could rally to 528.5/-15.25 based on the projection from the major bottom, 519.5+/-8.00 based on the double top to May 9, 2014. An all-time high in Corn occurred on August 21, 2012 at 843.75; therefore, this price is also a contender, but let’s wait and see how the harvest will develop.

July 3, 2019 13

Bias

We are now very bullish on Corn. However, for the next few weeks we should be expecting a corrective decline into which we can buy

Strategies

Position and Aggressive Traders: We have been long for the past month. If you have some money on the sidelines, this decline to the major bottom could be a good opportunity to go long, and also a good pyramiding opportunity. Look to exit 1/3 at 519.5/-8.00 and second 1/3 at 528.5+/-15.25.

WHEAT (W)

Written by Izabella Suleymanova, San Diego, CA

Review

Since the last report, Vol 5.6, Wheat continued rallying; and has reached the price of 558.0 on June 28, 2019, selling off at the end of the day down to 525.75 closing the month at 528.00. So far, Wheat has rallied by 34 percent from the 54-week bottom on April 30, 2019.

Trend Indicators

We stated in Vol 4.10: “It has been two years since the multi-year low of August 31, 2016 at 359.5. We can say that that low was the 9-year cycle low and we have had two years of a bull market as Wheat rallied by 65 percent in two years. We now are starting the 25th month of the 42.5-month cycle, and thus a strong decline is not yet due. We are to expect another bullish year or maybe more.” We are starting the 34th month of the 42.5-month cycle with an orb of 10 months. We are in the period when a 42.5-month cycle bottom can occur; however, we are expecting next four to six months of continued rally in Wheat, as the 2019 harvest is not expected to be a strong one.

Chart A: Wheat Daily Chart as of June 28, 2019. Black is the 25-day moving average, red is the 52-day moving average

The week of July 1, 2019 will start the 9th week of the newer 54-week intermediate cycle. This is a third and possibly final 54-week intermediate cycle within the 42.5-month cycle that started from the August 31, 2016, low of 359.5.

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The week of July 1, 2019, starts the 9th week of the newer 23-week primary cycle that started from the low of April 30, 2019, at 416.5. The rally was very strong, confirming that the primary cycle has started. We are now expecting a decline to the 9-week major with orb 3 weeks or to 11-week half-major cycle with an orb of 4 weeks over the next 5 weeks; next a corrective rally to the second half-primary cycle and then decline to the primary bottom.

Technical

On the daily chart, Wheat (528.00) closed above the 25-day MA (519.96) and above the 52-day MA (479.33), which is very bullish, as the faster MA is above the slower and the price is above the two.

On the weekly chart, Wheat (528.00) closed above the 27-week MA (486.06) and above the 59-week MA (501.75). This is mostly bullish as the faster MA is below the slower MA, and the price is above both.

Examining the monthly studies for the moving averages (MAs), the Wheat market is above the faster 20-month MA (487.81) and above the slower 36-month MA (458.72): and the faster MA is above the slower and the price is above the two, which is very bullish.

Geocosmics.

Previously we stated: “Mars continues its aggressive stance and on June 19, 2019 it opposes explosive Pluto. That aspect may play a big role in a drastic weather conditions, and that may drive grain prices higher. Neptune turns retrograde June 21, 2019, offering big hopes and unrealistic expectations… That aspect requires a wider orb, sometimes up to one week. Venus opposes Jupiter on June 23 and immediately after that, squares Neptune the very next day, June 24, 2019”. It is possible that the crest of June 28 was a major cycle top, as it was a midpoint between Venus' opposition to Neptune on June 24 and the solar eclipse of July 2, 2019. We also mentioned: “It is important to keep in mind that Mercury turns retrograde July 7, 2019. Within the orb of one week markets become volatile, unpredictable and technical picture is usually violated. Markets usually turn direction every 2-4 days so it is important to be especially vigilant”.

The month of July is pretty intense as starting from July 9 till July 29, 2019 we have nine aspects and a lunar eclipse July 16, 2019. We subdivide that huge cluster into three smaller ones. The first one starts with the Sun opposition Saturn July 9, 2019 immediately followed by the Sun trine Neptune the next day July 10, 2019. Aggressive Mars squares unpredictable Uranus July 11, 2019. That cluster is completed by the Sun's opposition to Pluto July 14, 2019 and is a good candidate for reversal.

The second cluster is held under the auspices of Venus. Venus ‘opposition to Saturn takes place July 17, 2019, immediately followed by Venus trine Neptune July 18, 2019, and Venus opposite to Pluto is the last aspect. At this time, the market will be quieter, due to the softening influence of Venus. The reversal may occur at any time; however, July 19, 2019, seems the most likely date. The decline may be fast, lasting just 2-8 trading days.

The last cluster of the month starts with Mars square Jupiter July 25, 2019, which is an overly active and optimistic aspect with possibility of large price swings. The whole picture will be magnified by two squares with Uranus: the Sun squares Uranus July 29, 2019, and Venus squares Uranus August 2, 2019, as both aspects bring unpredictability, violation of support or resistance and stationary Mercury turning direct August 1, 2019, adds more volatility.

Critical reversal dates: June 21-24, July 2, July 11, July 19, July 26-29, August 2, August 11, 2019, +/- 3 trading days for each.

Price Objectives

The price objective for the Wheat decline is as follows: 487.00+/-16.75 as a Fibonacci retracement for the major cycle bottom and 465.75+/-28.50 as a retracement for half-primary cycle bottom. After that, expect a rally to the next major cycle top which is expected to be 628.75+/-16.75 based on the mid cycle projection, and also the next price objective, 593.00+/-9.00 as a double top to August 2, 2018, and 617.75+/-9.25 as a double top to July 3, 2015.

Bias

We are expecting a major or half-primary cycle bottom over the next few weeks, and are then fully bullish after that.

Strategies

Aggressive and Position Traders: We have stated in Vol 5.6: “We are still long, and should remain so. Look to exit half 437.50 +/-8.25 and second half at 593+/- 9.25.” We got out a bit early on the first half. Let’s see if we can get the second half in the next week. Either way let’s look to rebuy on the decline to the major or half-primary cycle low.

July 3, 2019 15

SUGAR (KA)

Written by Mark Shtayerman, Poway, CA

Review

Since the last report, Vol 5.6, Sugar continued rallying to a June 14, 2019, high of 12.78 on the day of the Critical Reversal Date (CRD). This was a major cycle top or could even be a primary cycle top as Sugar was in a longer term bear market. Since then, Sugar has declined to a June 26, 2019, low of 11.98 for a possible major cycle bottom just two trading days after our June 24, 2019, CRD. Sugar has closed the month at 12.32.

Trend Indicators

No changes to the long-term view from Vol 5.3: “Sugar has a longer-term cycle of 14 to 19 years and perhaps longer which subdivides into two or three 7-year cycles with an orb of 13 months. We are now at the end of the 19th year of the longer-term cycle that started from April 30, 1999, low of 4.21. We are also in the third seven-year cycle that stared on August 24, 2015, at 10.13.” Thus, we are on the 47th month of the 7-year cycle. The shortest cycle to date was 67 months, so we have some time before the end of current 7-year cycle.

Also, in Vol 5.3: “The seven-year cycle breaks down into two 42-month cycles with an orb of 8 months. The first 42-month cycle was completed on the 37th month with the decline to 9.83 on September 27, 2018. This implies that Sugar has turned bearish, and will remain so until the end of the 7-year cycle. But since we are in the early phase of the cycle it is still bullish. However, we do not expect to rally above the 23.90 high of October 6, 2016.” We are in the 10th month of the second 42-month cycle within the 7-year cycle and it is quite bearish. We expect the bottom of the 42-month cycle to occur between July 2021 to December 2022.

Chart A: Sugar Daily Chart as of June 28, 2019. Black is the 13-day moving average, red is the 40-day moving average

The 42-month cycle breaks down into three or four 42-week intermediate cycles with an orb of 13 weeks. The week of July 1, 2019, starts the 39th week of the first 42-week intermediate cycle. It is possible that the May 21, 2019, low of 11.36 may have been the bottom of the 42-week intermediate cycle on the 33rd week. This scenario should have a rally that would challenge the February 20, 2019, high of 13.50. However, if Sugar does stay below the resistance line in blue from the highs of the October 24, 2018 and February 20, 2019 high, then we are in the older intermediate cycle, which is the preferred outlook.

Lastly, the 42-week intermediate cycles break down into two or three primary cycles of 18 weeks with an orb of 6 weeks. The first primary cycle concluded with a decline to 11.69 on January 3, 2019. The second primary cycle has concluded with

July 3, 2019 16

the11.36 low on May 21, 2019. Thus, the week of July 1, 2019, is the 6th week of the newer primary cycle. This is either the third and final primary cycle within the older intermediate cycle or the first primary cycle of the newer intermediate cycle. We will know which way the cycle unfolds in the matter of few weeks.

The first half-primary or major cycle crest occurred on June 14, 2019 with a rally to 12.78 and after that there was decline to a possible major or half-primary bottom on June 26, 2019, at 11.98. This means that the week of July 1, 2019, will start a first week of the second 6-week major, or the second 9-week half-primary cycle.

Technical

On the daily chart (Chart A), Sugar (12.32) closed below the 13-day MA (12.46) and above the 40-day MA (12.11); which is neutral, as the faster MA is above the slower and the price is between the two.

On the weekly chart, Sugar (12.32) closed above the 9-week MA (12.12) and below the 21-week MA (12.44). This is neutral, as the faster MA is below the slower MA and the price is between the two.

Examining the monthly studies for the moving averages (MAs), the Sugar market is below the faster 21-month MA (12.59) and below the slower 42-month MA (14.95); and the faster MA is below the slower and the price is below both, which is very bearish.

Geocosmics.

Previously we stated: “The second square between Jupiter and Neptune is June 16, 2019… Before that date, June 14, 2019, there are two aspects of Mars: first Mars trines Neptune and opposes Saturn the same very day”. The high occurred exactly on June 14, 2019, though it is not clear now whether it is a major cycle top or a primary top, but in any case it was the top of some importance.

We also stated: “Mars continues its aggressive stance and on June 19, 2019, it opposes explosive Pluto. That aspect may play a big role in a drastic weather and that may affect the price of Sugar. Neptune turns retrograde June 21, 2019, offering big hopes and expectations. Venus opposes Jupiter June 23, and immediately after that, squares Neptune the very next day, June 24, 2019. Here, Venus collects the light from the separating square of Jupiter with Neptune. That gives us another day of possible reversal”. It looks like the low of June 26, 2019 was a major cycle bottom but it is too early to call that now.

Mercury, the Trickster, turns retrograde July 7, 2019, and returns to direct motion August 1, 2019. During that time frame the market will be volatile changing direction every 2-4 days. Technical picture also will be unreliable within an orb of one week.

July planetary influences can be divided into three clusters. The first cluster will be headed by the Sun. First, the Sun will make an opposition with Saturn on July 9th. The next day, July 10, it will be a trine with Neptune, and on July 14, the Sun makes opposition with Pluto. To this clot of active drastic energy it is also necessary to add violent Mars square Uranus July 11, 2019. Combination of planetary influences in that cluster is very strong and can lead to reversal.

The second cluster has special affinity with Sugar, as Venus, the ruler of Sugar, takes control of the board and repeats aspects with the planets that the Sun already passed, that is, first Venus makes opposition with Saturn on July 17. She then makes a trine with Neptune on July 18 to finally make an opposition with Pluto on July 21.

July 25, 2019, Mars trines Jupiter which is a very optimistic aspect bringing hope. It is the aspect where the principles of excessive activity of Mars and exaggerated hope of Jupiter meet. This is usually followed by large price swings. This will be magnified by Sun square Uranus on July 29, 2019, and if you add the snafu-laden influence of stationary Mercury turning direct

on August 1, 2019, then you can imagine the level of volatility and unpredictability on the market. During Mercury retrograde phase one thing is clear: take your profit early.

Critical reversal dates: June 21-24, July 2, July 11, July 19, July 26-29, August 2, August 11, 2019, +/- 3 trading days for each.

Price Objectives

We stated in last Vol 5.6: “The next price point is the intermediate cycle low at 11.38+/-0.88 and we are there as well.” The low occurred at 11.36. We also stated: “For the rally that would follow through, expect a price objective of 12.75+/-0.16 based on the extension of the line drawn from a primary high of 14.24 on October 24, 2018 to the primary high of 13.50 on February 20, 2019.” The rally of June 14, 2019 was at 12.78. Let’s see if we can rally to the double top of February 20, 2019.

July 3, 2019 17

For the decline, we are expecting a decline to 10.97+/-0.22 based on mid cycle projection, 9.94+/-0.34 based on the bearish Fibonacci projection from the rally up, 9.88+/-0.15 based on the double bottom to the September 27, 2018 low.

Bias

We are fully bearish now.

Strategies

Position and Aggressive Traders: We stated last issue: “We should be all out and now let’s probe the long side now and with the price target for the primary of 12.75+/-0.16.” BINGO! Let’s look for an opportunity to short Sugar at any corrective rally below 12.78. Set the stop loss at 12.90. If stopped out, look to go short at 13.50 with the stop-loss at 13.70. Our price objective for the first half is 10.97+/-0.22 and 9.88+/-0.15 for the second half.

COFFEE (KT)

Written by Izabella Suleymanova, San Diego, CA

Review

Since the last issue (Vol 5.6), Coffee has rallied strongly to a high on June 4, 2019 at 106.15, just three trading days before the Critical Reversal Date (CRD) of June 7, 2019. This was a first half-primary cycle top. After that, Coffee has since declined strongly to a 94.00 low of June 18, 2019, just a day after the June 17, 2019 CRD, for a half primary bottom. After that, Coffee has rallied strongly to 109 on June 28, 2019 and closed the month at 108.25.

Trend Indicators

The longer-term prognosis has not yet changed, and is well summarized in Vol 5.3: “Coffee has a longer-term cycle of 27 years which started with the October 22, 2001 low of 42.50. The longer-term cycle divides into three 9-year cycles with a wide orb of 36 months due to the limited data available for coffee. Currently, coffee is in the fifth year of the second 9-year cycle from the November 7, 2013, low of 100.95. We therefore expect the bottom of the 9-year cycle to occur any time from December 2019 to 2026.”

In Vol 5.5 we stated: “There is a possibility that we may experience the 18-year low as was suggested by one of our subscribers; however, the time frame for that low is not due for the next six months at a minimum, and preferably we have another two years before we will have a nine year-cycle low, which would end the 18-year low as well.”

The 9-year labeling has not changed since Vol 5.4: “The 9-year cycle subdivides further into three 41-month cycles with an orb of 10 months. Currently we are on the on the 22nd month of the second 41-month cycle from the 113.0 low of June 22, 2017. The current 41-month cycle has turned bearish as we have seen prices below the start of the 9-year cycle. We will continue going down until the end of the 41-month and 9-year cycles. Earliest that the 41-month cycle is expected to conclude is in 10 months placing it February 2020.” Make that the 24th month of the second 41-month cycle.

The 41-month cycle divides into three or four 67-week intermediate cycles with an orb of 17 weeks. The week of July 1, 2019, starts the 41st week of the second 67-week intermediate cycle that started from the 92.50 low of September 19, 2018. So far, Coffee has rallied to a high of 125.50 on October 19, 2018. It has now declined to a low of 86.35 of April 17, 2019, which is below the start of this this 67-week intermediate cycle, making this cycle bearish as well. It is expected for this intermediate cycle to finish at the end of the current primary cycle.

The 67-week intermediate cycle then divides into two or three 23-week primary cycles with an orb of 4 weeks. The week of July 1, 2019 will start an 11th week of the second 23-week primary cycle from the 86.35 low of April 17, 2019. The rally in Coffee has been very strong, and we saw a 23 percent rally in just over two weeks to the June 4, 2019 high at 106.15. The first half-primary cycle completed with the decline on the 9th week to 94.00 on June 18, 2019. Also, the week of July 1, 2019, will start the second week of the second half-primary cycle. We now expect the top to occur at any time in the next few weeks and then decline to a primary and half primary bottom in September to October 2019.

July 3, 2019 18

Chart A: Coffee Daily Chart as of June 28, 2019. Black is the 17-day moving average, red is the 52-day moving average

Technical

On the daily chart (Chart A), Coffee (108.25) closed above the 17-day MA (100.33) and above the 52-day MA (95.02), which is very bullish, as the faster MA is above the slower, and the price is above the two.

On the weekly chart, Coffee (108.25) closed above the 9-week MA (96.25) and above the 34-week MA (98.80). This is mostly bullish, as the faster MA is below the slower MA; and the price is below both.

Examining the monthly studies for the moving averages (MAs), the Coffee market is below the faster 20-month MA (109.76) and below the slower 54-month MA (124.48); and the faster MA is below the slower, which is very bearish. If Coffee rallies above those two moving averages, then we will need to reevaluate the labeling of the Coffee cycles

Geocosmics.

Previously (in Vol. 5.3) we stated: “A big planetary storm starts April 10, 2019 when three geocosmics hit the same very day: the Sun squares Saturn, Venus conjuncts Neptune and Jupiter turns retrograde. It is important to mention that Jupiter and Neptune have a strong affinity with Coffee. The Sun squares Pluto April 13, 2019 and trines Jupiter the very next day, April 14, followed by Venus square Jupiter April 15, 2019. That planetary cluster contains strong geocosmics involving several aspects of Jupiter. That means that we may expect a reversal during that time frame April 10 – April 15”. “A possible primary cycle bottom occurred on April 17, 2019, but it is too early to call”. We can confirm now that the low April 17, 2019 was a primary cycle bottom.

We stated: “The last aspect of the month is Venus trine Saturn May 31, 2019. Then there is another aspect involving Venus, a trine with Pluto on June 2, 2019. Both aspects are strong and usually correspond to reversals- especially the latter one”. It was the first half-primary top June 2, 2019, just two trading days after both aspects of Venus.

We also said: “The most significant aspect is the second passage of Jupiter square Neptune June 16, 2019, which is a very strong and important planetary aspect for Coffee. We expect reversals during that time frame”. And: “Mars continues its aggressive stance, and on June 19, 2019, it opposes explosive Pluto”. Half-primary bottom occurred June 18, 2019.

The first week of the month will be relatively calm, not counting the volatility due to retrograde Mercury from July 7 till August 1, 2019. The market will be changing direction every 2-4 days and technical pictures may be obscured. Coffee has special affinity with Neptune and Jupiter and therefore aspects that form with these planets can be potential turning points for reversals. So in July there is a huge cluster which is divided into three smaller clusters. In the first cluster, the Sun will make an opposition with Saturn on July 9, 2019, followed by a trine with Neptune on July 10 and the last aspect of the Sun with Pluto will end on July 14, 2019. This cluster will also include the square of aggressive Mars with unpredictable Uranus July 11, 2019. All aspects in that cluster are very strong, and reversals may occur during that time frame.

July 3, 2019 19

Venus then comes into play, making an opposition with Saturn on July 17, 2019. After that, she makes a trine with Neptune the next day on July 18 and finally Venus makes an opposition with Pluto on July 21, 2019. The last two aspects of the month are Mars trine Jupiter July 25 and the Sun's square with Uranus on July 29, 2019. Both aspects are strong often leading to reversals. There will be one more aspect involving unpredictable Uranus; Venus square Uranus often coincides with breakouts of support or resistance.

Critical reversal dates: June 21-24, July 2, July 12, July 23, July 29, August 11, 2019, +/- 3 trading days for each.

Price Objectives

In Vol 5.5 we stated: “We did get a lower low this month which was below the low of March 12, 2019. Most likely this one is done as a primary bottom and thus lest expect a rally to a primary top with price points of 105.90+/-4.65 based on the corrective rally from the move down. Also 124.95+/-1.88 based on the double top to June 1, 2018 high. The lowest point we can see the rally take is 95.55 to the 52-day moving average. We will examine more price points in the next volume as the primary cycle labeling becomes more apparent.” We got to 109.0 on June 28, 2019, which is in the higher range of the corrective rally.

The price objectives for the decline from Volume 5.6 are still correct: “The price objective for the decline will start with 80+/-2.0 based on the support line drawn in blue from the 42-month low of June 22, 2017 at 113.0 to 67-week low of September 18, 2019 at 92.0.” Lower price objectives exist, but we will examine them later.

Bias

We are back at neutral with bullish bias on the market, but we may still be bearish on the longer term.

Strategies

Position and Aggressive Traders: We have stated in Vol 5.4: “Both traders should be looking to get long if they have not gotten long and look to exit half at 112.45+/-2.31 and second half at 125.95+/-1.88.” So, we should be long.” And then on in Vol 5.6: “So let’s put a stop-loss on the longs below 86.0. If stopped out, then go short on any corrective decline that fails to get above the 52-day moving average.” Now let’s look to exit for the first half, and protect the gains by moving the stop-loss to 100. Considering Mercury is going retrograde, I would expect only the Aggressive Traders to go short once stopped out or exited all the longs. Traders can go short but not put all the money in as there could be a significant amount of volatility.

The next MMTA ICR Commodities Report will be issued on July 31, 2019