Oil erased most of its' loses from yesterday up 2.5% today. After October's expiration we expect higher ground. Clients remain long via December call spreads. On a settlement above $74 we expect a trade to $76 plus. November natural gas held the 9 day moving average at $4.40 today. We expect some give back before a leg higher begins. US dollar made new lows today. Euro-currency puts we bought for clients are underwater but we will stay the course for now. As previously stated we expect 1.4250 in the coming weeks. Those who took short futures most likely got stopped at a loss. With the current volatility in currencies we suggest options as opposed to futures…case in point. Indices and Treasuries seem to be pausing until FOMC meeting tomorrow. Sugar fought to higher ground gaining 1.5% today. Cocoa made a new high picking up 3%, we have clients positioned short expecting a sharp correction. This trade is based on a US dollar rally so on further weakness we may look to cut losses for clients. We advised clients to buy December silver puts today; buying the $15 put looking for a $1.50 sell off in the futures. Livestock traders who are long live cattle futures were advised to cover their puts today, see previous trade rec. New entries bought December live cattle futures and at the money puts and also February calls. Lean hogs are moving lower but have yet to meet our long objective. Corn appreciated by 3% today, we re-established longs and added to positions for clients. Contact us for exact strategy.

Risk Disclosure: The risk of loss in trading commodity futures and options can be substantial.  Past performance is no guarantee of future trading results.

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Risk Disclosure: The risk of loss in trading commodity futures and options can be substantial. Before trading MB Wealth recommends that you should carefully consider your financial position to determine if commodity trading is appropriate for you. All funds committed should be purely risk capital. Past performance is no guarantee of future trading results. There are no guarantees of market outcome stated, everything stated above are our opinions. Calculations of profit and loss have not factored in commissions and fees.