We forecast commodity futures trade ideas on Saturday each week to help you pick a couple of trades you could generate some gain on during the following week. This is our 50^th week of performing this service. We have enjoyed some success over the past year on 2019. However, prior success does not necessarily assure future success in trading ideas.

This week’s forecast points to a lot of bullish sentiment due to world events:

The Trade Deal with China may push index futures to higher highs over the remaining weeks of the year. Also, Saudi Aramco IPO may help push oil up toward 63 over this same period. But, be aware that their may be profit taking as year ends, so stocks could fall as the year closes. Who knows how many traders / investors need to recognize gains as 2019 closes or in 2020 over the next 100 days?

So, I am bullish crude oil, soybeans, index futures, meats and other grains because China (as part of the trade deal) has agreed to buy our agricultural products next year. This action may boost prices. As we have heretofore seen, index futures have risen this year every time the trade deal got a little closer to maturity.

I like these instruments long this week:
CL (oil) YM NQ ES (indices) HE (swine) LE GF (cattle)

I like precious metals short this week:

GC (gold) silver (SI)

Sincerely,