John Carter Markets Analysis: Futures Update

John Carter discusses the premium futures markets and how to trade them. Live cattle is exploding with the power of a monthly squeeze, and the daily chart comes back as well. Carter suggests waiting for an extension, taking profits and then buying the next pullback. Grain is going lower and Carter does not suggest buying or selling grains. Corn is at 3.77, lows that have not been seen since 2010 and soybeans are breaking support levels but he does not suggest trading until there is better evidence of buying. Metals are up and Carter strongly suggests buying pullbacks in gold and silver. Copper is consolidating below a major resistance level of 300, platinum is leading the way with a monthly and weekly squeeze that will move higher, and gold and silver will move along with platinum. Carter says energy is sloppy and does not suggest any trades. Natural gas has a potential set up for a short and Crude has a long-term signal but is breaking support. Carter strongly suggests going long on bonds and notes. Carter thinks that selling the Yen is a good move for the short run. He says to leave the Dollar and Euro untouched.¿