WHEAT – Up 3 to 4 cents per bushel. * Short-covering as wet weather in Canada continues to cause potential further harm to the wheat crop CORN – Down 1 to 2 cents per bushel. * Follow-through technical selling, good U.S. crop weather and lower crude oil combine to weigh on corn futures. SOYBEANS –… read more
Monthly Archives: June 2010
Swing Trade Strategies – Using “Market Timing Intelligence”. by John Crane
The recent price action in the July Natural gas offers a good example of the “action-reaction” trading methodology is action. Knowing probable levels of future support and resistance levels has always been a goal of both swing traders and day traders alike. The advance knowledge can give you an edge when looking to lower your… read more
Futures Broker – Existing Home Sales (6/22/20100
Home sales dip 2.2 pct despite tax credits By ALAN ZIBEL AP Real Estate Writer WASHINGTON (AP) — Sales of previously occupied homes dipped 2.2 percent in May, signaling that a boost from home-buying tax credits is fading sooner than expected. Last month’s sales fell from the previous month to a seasonally adjusted annual rate… read more
Futures Broker: China Likely To Buy More Soyoil From US..
June 22 (Reuters) – China is likely to buy more soyoil from the United States if it cannot resolve a trade dispute with major supplier Argentina, Hamburg-based oilseeds analyst Oil World forecast on Tuesday. “China purchased 80,000 tonnes of U.S. soyoil so far in June and may seek additional quantities if the trade dispute with… read more
Futures Broker / Grain Calls and News
* WHAT: USDA Weekly Crop Progress report * WHEN: Monday 1600 EDT (2000 GMT) * Analysts see U.S. corn rated 76 pct good/excellent * Analysts see soybeans rated 71 pct good/excellent CHICAGO, June 21 (Reuters) – Rainy weather around the U.S. Midwest last eek was expected to cause the U.S. Agriculture Department to slightly ower… read more
Swing trade signals – Bullish patterns in Cattle and Sugar. [chart] John Crane
There are a couple of potential swing trade signals showing up on the charts. The first one to look at is in the August Cattle. The market has formed a bullish TR swing pattern after completing an A-B bottom formation on June 11th. The market rallied off this low and reached the 20-day EMA where it formed… read more
Reversal dates fro the week of June 21 – June 25
Monday – Natural gas, Heating oil, Treasury bonds Tuesday – S&P, Dow Jones, British pound, Japanese yen Wednesday – Gold, Cocoa Thursday – Friday –… read more
Futures Broker / Grain Calls and News
WHEAT – Steady to up 1 cent per bushel. Spillover support from gains in KCBT and MGEX wheat futures amid excessive wet weather in the Canadian Prairies that is trimming wheat production prospects. Gains limited by profit-taking ahead of the weekend and after the gains early in the week and a firm dollar. CORN –… read more
Day trade signal – Sept E-mini S&P [chart]
Daytrade signal – Buy Sept ES @ 1106.25 stop – 1st target 1110.05 – 2nd target 1112.50 Risk to 1103.75 Long Sept E-mini S&P results – Buy signal triggered at 1106.25. First target exit one contract at 1110.00. After 1st target level was reached, the stop loss was raised to 1107.25 for remaining two contracts. Closed for 5.00 gain.… read more
Futures Broker / Grain Calls and News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to begin Thursday’s day session higher, buoyed by follow through buying from Wednesday. Strength in overnight trade is serving as an early signal of price direction. Soybeans are seen 2 cents to 4 cents higher. Overnight, Chicago Board of Trade July… read more