Chicago Mercantile Exchange live cattle futures were steady to higher early on Tuesday in electronic trading, rebounding from Monday’s sharp losses, on support from a higher beef market. Hog futures were mixed with a weak cash hog market weighing on April while strong technicals and lower-than-year ago pork stocks supporting deferred months.… read more
Monthly Archives: March 2010
Early Call for grains
Early Call:Corn, Wheat Mixed, Soy Up 1-2 cents… read more
Delta Option Euro position (puts) Update [3/22/2010]
For those of you that have taken the Delta Option trade: Buying 3 June Euro Currency 1340 puts at 130. Target One at 155 and Target Two at 190 have been filled. On Position Three: manage the trade by selling the following strangle – Sell April 1340 put & sell April 1375 call for a… read more
Update on 3/8 post about April Gold. [chart]
On March 8, I posted a blog about the potential buy signal in the April Gold. Recently, a reader asked about the signal and wanted to know if it is still valid. I thought this was a good topic for an updated post. The Gold confirmation buy signal was never confirmed. The market had formed… read more
Reversal dates for the week of March 22 – 26.
Monday – Soybean oil, Silver Tuesday – Wednesday – RBOB Gasoline, Silver, Gold, Treasury bonds, S&P Thursday – Wheat, Cocoa Friday – Corn, Heating oil… read more
Cattle approaching target objective during reversal timing. [chart]
Cattle have been in a bullish trend cycle since mid-December and are approaching the long-term reaction line target objective of 97.50, projected several weeks earlier.… read more
EIA Energy Stocks Report [3/17/2010]
The U.S. Department of Energy (DOE) said that crude oil supplies were up 1.0 million barrels last week to 344.0 million barrels. Supplies of gasoline were down 1.7 million barrels and heating oil supplies were down 1.4 million barrels. The DOE also said that refinery use slipped from 80.7% to 80.6% of capacity last week.… read more
FED leaves interest rates unchanged
FOMC final consensus leave rates unchanged.… read more
TR swing pattern portends price advance in British pound. [chart]
The long-term bearish reaction cycle ended on the March 2 reversal swing date at the projected target objective. Then the market moved into a sideways consolidation pattern and formed a bullish TR swing pattern. This pattern typically appears at major tops and bottoms and can precede a major trend shift. Currently the market is setting… read more
Reversal swing date for the week of March 15 – 19.
Monday – Dollar index Tuesday – Silver, Gold, Dow Jones, Canadian dollar, Japanese yen Wednesday – Soybeans Thursday – Treasury Bonds Friday – Cattle… read more