Kind of a fast deal I suppose. Russia announced the ban on Wheat and Sugar sales, obviously price on those commodities should go up. Any suggestions? Or too late at this point?
Not so much as to what to buy but rather watch for the movers coming this Wednesday and reaction the rest of the week. In this environment traders are watching for the high impact economic indicator news Wed. https://www.forexfactory.com/calendar?day=mar16.2022&source=patrick.net which will be the hottest indicators/Fed guidance published until the week of 3/27.
I don't believe it's to late but do think it maybe a bit early to go all in but not to start buying some positions. Due to USD strength and I do believe the USD is not done and the (DXY) will continue to head higher by a good measure in the short term so you likely have some time to do some deep dive DD and pick some juicy commodity trades/investments.
BTW USOIL at this price has high probability of doubling+ so if you get it in this lower range you should easily be able to hold it beyond a short term trade and gain the tax advantages.
patrick.net
An Antidote to Corporate Media
1,364,121 comments by 15,737 users - RC2006 online now