Monday – Hogs, Wheat, Soybeans, British pound, Coffee Tuesday – Canadian dollar, Sugar Wednesday – RBOB gas, Gold, Treasury bonds Thursday – Crude oil Friday – Natural gas, Heating oil… read more
Monthly Archives: July 2010
Swing Trading Strategies – Long Coffee signal reaches target objective! A follow up to the July 23rd blog! [chart]
In the July 23, 2010 issue of the TMV Swing Trading Report, I made a recommendation to buy Coffee at 162.05. (See the July 23 post in this blog) The buy signal was triggered following the completion of a five-wave continuation pattern and ended on the July 21…a projected reversal date. The buy signal was triggered on… read more
Futures Broker / Grain News
WHEAT – Up 10 to 15 cents per bushel. Boosted by drought in Europe that was trimming crop prospects and by a larger-than-expected U.S. wheat export sales number in USDA’s weekly export sales report released on Thursday. * IGC cuts forecast for 2010/11 world wheat crop by 13 million tonnes to 651 million but noted… read more
Swing Trading Strategies – Action-Reaction makes accurate Gold projections, here is how! [chart]
As the August Gold futures contract trades at a new twelve week low and tests the reaction line target objective (currently at $1155.90) on a projected reversal date, I think it would be a good time to look back and see how this reversal date and target objective were determined, several days in advance. To begin, I will go… read more
Futures Broker / Wheat News
CHICAGO, July 28 (Reuters) – Wheat futures on the Chicago Board of Trade on Wednesday climbed to a fresh 13-month high on continuous price charts on private forecasts for a sharp drop in Russian wheat exports due to drought, traders said.… read more
Futures Broker / Grain News
NEW YORK, July 28 (Reuters) – Chicago soybean traders focused on forecasts for hotter and drier weather for the Delta and Southeast over the next week, which may harm some of the crop that is setting pods. * In the Midwest, overall satisfactory crop weather was predicted for the next week to 10 days, with… read more
Futures News – New Homes Sales rebound sharply.
NEW YORK, July 26 (Reuters) – Sales of new U.S. single-family homes rebounded strongly in June from the prior month’s record low, government data showed on Monday, driving the number of houses on the market to their lowest level in nearly 42 years. KEY POINTS: * The Commerce Department said sales jumped 23.6… read more
Reversal dates for the week of July 26 – July 30
Monday – Crude oil, RBOB gas, British pound, Cocoa Tuesday – Hogs, Soybeans Wednesday – Crude oil, Gold, S&P, Coffee Thursday – Heating oil, Eurocurrency Friday – Corn, Heating oil, Dow Jones… read more
Swing Trading Strategies -He asked “Why would I buy Coffee?” Here’s why. [chart]
In last night’s issue of the Traders Market Views Swing Trading Report I made the following recommendation for Coffee. This morning I was asked “Why would you want to buy Coffee?” September Coffee – Coffee closed below the prior swing low (156.85 on July 6th) on Wednesday, July 21st. After the close, I did a… read more
Swing Trading Strategies – What can you learn from looking at past price action? [chart]
Looking into the past can provide a wealth of information when trying to find future support and resistance levels. Past high or low price pivot points should not be ignored and can be critical when trying to identify or project futures price swings and trend reversals. The later came into play recently in the Dollar Index. The Dollar index had… read more