SOME VIEWS ON MARKETS IN 2025
Given the tough geopolitical situation that the world faces going in to 2025, it makes sense to take a look at what is expected in the various markets. So this is a brief high level overview of our short to mid-term market views going in to 1st quarter of 2025 focusing a bit more on food stuff as that is existential stuff.
However, a word about bitcoin first.
Bitcoin – In line with earlier views, we may have hit an interim high at 110k earlier and are in for softening as we move in to Jan 2025.
Corn – Has been a sideways market but rising very imperceptibly over the last quarter or so. Currently at 458, it is right in to a major supply zone and seems to be standing firm in face of supply pressure. There may be a break out of sorts from here and we may see higher corn prices going into the 1st quarter of 2025.
Wheat – There does not seem to be much happening in the wheat market in terms of charts. However, geopolitical events have the potential of affecting the market here.
Soybean – On the longer timeframes, has been hovering around 1000 level. Recent price action has been bullish but not generating any significant momentum as yet. This market needs to be watched as it has some ways to go up if an impulse wave materializes as specific divergences are making themselves visible on the charts.
Gold & Silver – Precious metals, currently in a bearish structure as we enter 2025 and may stay so as we are in favor of further downsides.
Crude Oil (Brent) – Crude oil market is in a rut, a corrective rut that may continue for sometime going in to 2025. However, this market is prone to geo-political shocks and may turn out to be otherwise. We see supply overhangs right up to the 80 mark and do not see any bullish signals so far as we move in to Jan 2025. Will take something special to break out.
Live Cattle – Live cattle is all time high, however, momentum seems to be waning a bit and the market may be taking a breather. We expect expensive meat later in to the year.
Coffee and Orange Juice- Both coffee and orange juice have been on a tear, however do expect some softening of the markets which may be good news for kids and adults.