Monthly Archives: March 2010

Crude oil surges off strong economic news.

    NEW YORK, March 29 (Reuters) – U.S. crude futures rose more than $2 on Monday, opening strongly in New York trading, as a weaker dollar and stronger equities markets bolstered by economic data helped lift crude oil futures.     Stronger consumer sentiment in the euro zone and a forecast for strong growth in China… read more

Livestock News

LEAN HOGS – Up 2.000 cents to the 3.000-cent-per-lb limit. * Pre-market opening bids on Globex point to 3.000 cent limit gains in summer months. * Friday’s Hogs and Pigs report bullish as herd smaller than analysts anticipated. [ID:nN26215462] * USDA put March 1 U.S. hog herd at 63.988 million head, down 3 percent from… read more

Heating oil confirms TR sell pattern with new time and price objectives. [chart]

May Heating oil tested the decending upper parallel line and the 20-day SMA early in the daily session. The resistance held and turned the market lower, where it traded below the prior day’s low, triggering the sell signal (posted in the latest issue of the Traders Market Views Swing Trade Report) and confirming the majar… read more

Cattle calls

KANSAS CITY (Dow Jones)–Cattle market analysts Friday morning were taking on a slightly more bearish tone about cash cattle markets next week and beyond.… read more

Opening grain calls

CST *DJ CBOT Early Call: Corn, Wheat Up 1-2c, Soybeans Up 3-5c… read more

GDP (4thQuarter 2009) – March 26, 2010

NEW YORK, March 26 (Reuters) – The U.S. economy grew at a slightly less brisk pace than previously estimated in the fourth quarter, while corporate profits slowed sharply from the previous quarter, government data showed on Friday. KEY POINTS: * Gross domestic product expanded at a 5.6 percent annual rate, the Commerce Department said in… read more

Is Silver poised for another fall? [chart]

Silver has completed a 5-wave continution pattern that may mark the center of the longer-term downward cycle. The market is currently forming a bearish TR swing pattern and has retested the downward sloping parallel line as well as the 20- day SMA. A confirmation of the pattern will trigger the next downward slide to the… read more