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STOCKS AND BONDS
S&P 500 has shown a tendency to see price declines ahead of mid-month
tax deadlines and then a month-end recovery. April is considered one of the
best six months to be long, according to the Stock Traders Almanac. 30-year
Treasury bond price has a tendency to make a seasonal low towards the end
of the month (page 42).
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ENERGY
Crude oil has a tendency to continue rallying through April into mid-May,
as we are long crude trade from our seasonal best trade in February (pages
26 and 126). This is still one of the best seven months to be long: from
March through September. Natural gas prices tend to peak in mid- to late
April. Our long best seasonal trade from February signals an exit on or about
April 21 (page 32).
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METALS
Gold has a tendency to decline in April, as tax-related selling pressures prices
(page 40). Our best seasonal short trade for silver from February signals
an exit on or about April 25 (page 28). Copper tends to form a seasonal high
toward the end of April and the first part of May (pages 112 and 149).
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GRAINS
Soybeans in April still see upside, as planting concerns and demand for both
meal and oil remain strong, U.S. inventories decline, and new supplies are not
yet ready since South America’s harvest is just beginning (page 161). Wheat
is still under pressure, as harvest adds fresh inventories that outweigh demand
(page 164). Corn has a tendency to remain strong, ...