We start off by shedding light on COT (Commitments of Traders) data, illustrating how this frequently overlooked dataset can drastically alter the landscape of commodities trading. We then transition into the importance of understanding expiration dates, providing real-world examples of how these 'use-by' markers can influence the fluctuations in commodities prices.
The video goes on to demystify the concepts of contango and backwardation, illustrating how these unusual market conditions can present unique opportunities for savvy traders. We delve into how the constant push and pull of supply and demand affects commodities, along with the unforeseen impacts different types of data can have on the market.
We also discuss the intriguing relationship between commodities and the US dollar, and the influence it has on the way commodities are traded globally. The video addresses the topic of 'true' supply and demand, explaining how it differs from the typical supply and demand theory and how it shapes the commodities market.
Finally, we contrast the roles and impacts of hedgers versus speculators in commodities trading, underlining how each group navigates the market in different ways to achieve different outcomes.
This is a must-watch for anyone looking to broaden their understanding of the commodities market, be they budding investors or seasoned professionals. Tune in and start exploring the world of commodities trading like never before!
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Understanding market forces pre-, during and post-trade is a critical key to becoming a better trader. Join NinjaTrader’s Tom Schneider, CMT and futures market pro Anthony Crudele as they share their opinions on current markets. Watch as they provide actionable, real-time trading examples designed to showcase the benefits of developing a trading plan.
If you’re looking for insightful analysis to help hone your trading style, Develop Your Edge is a weekly “must watch”. Tom and Anthony will answer viewer questions and provide some “outside the box” thinking as they analyze and trade a host of futures products.
