Loading ...I have an order in to short the USDX at 96.25 on the March futures. Since the US is now the largest exporter of oil, demand for dollars is very high so I won’t give the trade much room with the stop.
I hope the gold downdraft stops at $1300. and reverses back up. The USDA reports on Friday might shoot the grains up and support the metals. The Goldman roll starts soon so things may be in turmoil for a few days on whatever they are in. A lot of people put on bear spreads expecting the roll to make them a few bucks.
I hope that USDA report is bullish wheat. I am a little heavy on March KC wheat call options!
rno