A possible shortage of certified Coffee stocks, for July delivery, provide the springboard for 1.40o point price surge during the past two session…with over 1000 points of that rally during Friday’s session. This price action provided a great trading opportunity for traders following the Traders Market Views Swing Trading Report. A buy signal was triggered on June 8th with the… read more
Monthly Archives: June 2010
Systematic Swing Trader – Futures
For June 2010 (only) AS of June 10, 2010 System tracked positions that closed this month. The current total ‘closed’ profit (loss) $10,560.65 Market Fill Date Exit Date Strategy Type Profit (Loss) Wheat 2010-05-25 2010-06-01 Short Small Target 0 Wheat 2010-05-25 2010-06-01 Short Trail Entry 150 Cotton 2010-05-25 2010-06-02 Short Big Target 1600 Cotton 2010-05-25… read more
CFTC Proposes Rulemaking Regarding Co-location/Proximity Hosting Services
For Release: June 11, 2010 CFTC Proposes Rulemaking Regarding Co-location/Proximity Hosting Services Washington, DC – The Commodity Futures Trading Commission (Commission) today announced the publication in the Federal Register of a proposed rule that specifies requirements for Designated Contract Markets, Derivatives Transaction Execution Facilities and Exempt Commercial Markets that list significant price discovery contracts (collectively… read more
Reversal dates for the week of June 14 – June 18
Monday – Cattle, Hogs, Gold Tuesday – Heating oil Wednesday – Treasury bonds, Australian dollar Thursday – Soy meal, S&P, Dow Jones, Canadian dollar, Cocoa, Orange juice, Coffee Friday – Cattle, Cotton… read more
FUTURES NEWS – “Retail Sales Report” 6-11-2010
WASHINGTON, June 11 (Reuters) – Sales at U.S. retailers unexpectedly fell in May for the first time since September, pulled down by a record slump in purchases of building materials, according to a government report on Friday that added to fears the economic recovery was losing some steam. The Commerce Department said total retail sales… read more
Futures Broker / Grain Calls and News
WHEAT – Steady to up 1 cent per bushel Short-covering supportive but plentiful supply situation continues to cap any gains. CORN – Steady to up 2 cents per bushel Prices receiving some support from talk that China could step up purchases of U.S. corn but gains likely to be limited unless market gets confirmation of… read more
Cotton On-Call 6/10/2010
The Cotton On-Call Report shows the quantity of call cotton bought or sold on which the price has not been fixed, together with the respective futures on which the purchase or sale is based. Call cotton refers to physical cotton bought or sold, or contracted for purchase or sale at a price to be fixed… read more
Swing Trade signals – Dow Jones – failed swing pattern portends trend change. [chart]
June Dow Jones futures traded below the prior swing low on June 8th. The market was trading out of a three -wave continuation pattern and the new low suggested a continuation of the downward trend. However, the market stalled and began to erase all the daily losses and finally closed above the previous low close and at the… read more
Futures Broker / Grain Calls and News
By Ian Berry OF DOW JONES NEWSWIRES CHICAGO (DOW JONES)– Supply and demand estimates from the U.S. Department of Agriculture Thursday were considered bullish for Chicago Board of Trade corn and neutral for both soybeans and wheat, traders said. The highlight of the reports, traders said, was a surprising cut in both old-crop and new-crop… read more
EIA Energy Stocks Report 6-9-2010
In today’s Monthly Oil Market Report, OPEC raised its estimate of world growth from 3.5% to 3.8% for 2010. Its estimate of world oil demand was roughly the same as last month, at 85.37 million barrel per day. July crude oil is trading higher. The U.S. Department of Energy (DOE) said that crude oil supplies… read more