Fresh from the Trading Room: Have you Felt the Heat Yet?
31 Jul 2024
The opinions expressed in this report are those of Inspirante Trading Solutions Pte Ltd (“ITS”) and are considered market commentary. They are not intended to act as investment recommendations. Full disclaimers are available at the end of this report.
Executive Summary
In the latest report, Inspirante Trading Solutions deep dives into the commodities market, uncovering the potential uptrend and opportunities in Soybean Meal and Natural Gas.
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Upcoming economic events (Singapore Local Time):
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Investors will closely watch major central bank meetings in the next two weeks as market volatility heightens.
Markets in focus
Figure 1: Natural Gas futures
After completing a head-and-shoulders (H&S) pattern, Natural Gas prices broke lower, eroding much of the initial rally in May, albeit a recent reversal can be observed.