Monthly Archives: August 2010

Swing Trading Strategies – Silver triggers new buy off of reversal/reaction date pattern. [chart]

Silver triggered a new buy signal after the overnight price dip below the ascending median line. Silver hasd crossed the median line, for the first time, on August 25th. Silver went on to use the median line as support and closed above the line four days in row, before dropping below the line overnight. However,… read more

Swing Trading Strategies – How important are prior swing highs or swing lows? [chart]

There are many ways to project future support or resistance levels. This information can then be used when setting entry and exit prices. One of the easiest methods is to just look in the past. Prior swing highs and lows can provide valuable information when a trader is unsure of where to enter or exit a… read more

Trade Alert: Seasonal Hog Trade

New Trade: Seasonal Lean Hog Traders Network Buy the Oct Lean Hog Sell the Dec Lean Hog Bid 255 points to enter spread. Target is 555 points (approx $1200) Margin is $600 – Risk is $400 *Bullish strategy* Call your broker for additional information. Traders Network, Inc. 1-800-521-0705 THE RISK OF LOSS IN TRADING COMMODITY… read more

Swing trading strategies – TC pattern triggers new buy signal for Decmeber Gold with a target objective at….[chart]

A five-wave corrective pattern came to an end and a new upward reaction cycle began, after Gold confirmed a pivot low on July 27. However, it was not until after the TC (trend continuation) swing pattern that formed between August 6 and August 10, that the bullish TR pattern sequence was confirmed and new time… read more

Futures Broker / Grain News and Calls

By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Wheat prices are expected to rise as traders digest disappointing harvest results from former Soviet states devastated by drought and wait for the results of a tender from Egypt, the world’s largest importer of the grain. The harvest is rolling in the former Soviet Union and… read more

Swing Trading Strategies – What does the latest swing pattern say about Silver? [chart]

Swing traders understand that they need to capture the majority of the price move between consolidation pattern in order to be successful. They also understand that markets need to build energy, before a breakout, in order to continue a trend. One of my favorite energy patterns is the A-B-C continuation pattern and it has just… read more

Futures Broker / Grain

WHEAT – Down 10 to 12 cents per bushel. Improved winter wheat seeding weather in parts of Russia, some rainfall in dry wheat areas of west Australia, profit-taking and a firm dollar combine to weigh on wheat futures. * EU wheat slips, outside markets, weather weigh. * Cooler temperatures and some rainfall has eased stress… read more

Future Broker / Grain News and Calls

WHEAT – Up 12 to 15 cents per bushel. Prospects for Russia to import grains following the worst drought on record lifting wheat prices. * Concern about dry weather in western Australia adds support. * Dry, cold weather hampers Argentine wheat – gov’t. * EU wheat lifted by export demand, more German rain. * Russian… read more

Futures Broker / Cattle News

USDA Cattle Report May Allow Profit-Taking KANSAS CITY (Dow Jones)–Friday’s U.S. Department of Agriculture cattle-on-feed report could allow traders to take profits on previously purchased positions after this week’s sharp jump in cash and futures prices for slaughter-ready cattle. Cash prices this week jumped $5 to $8 per hundredweight on a live basis while the… read more