• Blue Line Futures

Gold/Silver: Get your 2021 on track

2021 is finally here, and I am going to keep this note short and sweet. The markets look to be setting up for another parabolic move higher. From an economic standpoint, we should see growth continue to accelerate, inflation to grind higher, and the FED to remain accommodative. That combination should prove supportive for a wide range of commodities leaving year over year demand growth to outstrip supply.


As of the time of this writing, some of the standout "year to date" performance figures for commodities are Lumber +67%, Silver +47%, Soybeans +37%, Palladium +28%, Copper +25%, Gold +24%, Sugar +15% and Platinum +10%. The worst four performers are Gasoline -17%, WTI Crude Oil -21%, Brent Crude Oil -22%, and finally Heating Oil -27%. Heating Oil acts as a proxy for diesel fuel and bunker fuel, and with the global economy coming to a screeching halt, these commodities could be the best performers once a reopening happens.


High Conviction trades for 2021

  1. Long April Silver 29.50-35.00 call spreads

  2. Long February Copper 360-365-368 call butterflies

  3. Long March 10-Year Note 138-135 put spreads

  4. Long March mini Crude Oil futures using a scale in approach at three and four-star support levels.

  5. Long March Copper futures from three and four-star support levels

  6. Short March U.S. Dollar futures against three and four-star resistance levels

  7. Long April Platinum Futures

  8. Long the March Micro Russell on a correction to three and four-star support levels

  9. Long the March Canadian Dollar (it is a commodity currency that works inverse the U.S. Dollar.

  10. We will be putting out a new recommendation on gold using the June contract this week.


One way to get your 2021 on track is to register for a free two-week trial of our Morning Express. Here, we provide actionable technicals, fundamentals, market bias, and our proprietary levels for the most actively traded futures and commodity markets including gold and silver. Also, on Thursdays, we will be putting out an additional note on Copper and Platinum. You can register here: The Blue Line Express Two-Week Free Trial Sign up.


Good luck and good trading,

PHILLIP STREIBLE

Chief Market Strategist


www.bluelinefutures.com


Main: 888-441-8555

Direct: 312-858-7303

Fax: 888-370-2221


Blue Line Futures LLC

141 W. Jackson #2845

Chicago IL 60604


Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

31 views0 comments