Monday – Hogs, Gold, Dow Jones, Canadian dollar, British pound Tuesday – Crude oil, RBOB gas, Coffee Wednesday – Natural gas Thursday – Heating oil, Copper, Eurocurrency Friday –… read more
Monthly Archives: October 2010
Futrues news – Grains to open sharply higher on bullish supply and demand report.
CHICAGO (Dow Jones)–Friday’s U.S. government supply and demand reports for grains and oilseeds were seen as bullish across the board, with smaller production and tighter ending stocks forecast, traders said. The U.S. Department of Agriculture’s report confirmed that the U.S. corn crop is smaller than earlier projections and surprisingly viewed soy yield potential… read more
Futures news – Corn crop down 4% – stocks at lowest level in 15 years.
* US corn yields, crop down 4 pct, end stocks 902 mln bu * Corn 2010/11 end stocks smallest in 15 years * USDA corn, soy forecasts are lower than trade expected * Record US soybean crop, corn is third largest WASHINGTON, Oct 8 (Reuters) – Sharply lower yields across… read more
Unemployment rate rises to 9.7%
* Nonfarm payrolls seen flat in September * Private employment likely edged up 75,000 * Unemployment rate seen rising to 9.7 pct from 9.6 pct * Average work seen steady at 34.2 hours By Lucia Mutikani WASHINGTON, Oct 8 (Reuters) – The U.S. economy probably added no jobs in… read more
Swing Trading Strategies – How I used the Median line to project the reversal date and target objective in Crude oil. [chart]
This daily chart of the November (2010) Crude oil, offers a very good example the importance of understanding the influence the median line can have on a market. Dr. Alan Andrew’s Median Line Trading Principle #1 states – ”When a median line is drawn from the most recent swings, the price should return to the median line approximately 80%… read more
Swing Trading Strategies – RT Swing Trader current trade signals. [chart]
The RT Swing Trader is a unique online swing trading program combining veteran trader and author John Crane’s ‘Action/Reaction’ and market timing methods with a selective set of Elliott Wave and Fibonacci principals to analyze market action and project future market swings. Check out the current open positions. Go to www.reversaltracker.com to sign up for… read more
Jobless Claims / Future Broker
WASHINGTON (AP) — Applications for unemployment benefits fell last week for the fourth time in five weeks, a sign that layoffs are declining. The Labor Department said Thursday that initial claims for jobless aid dropped by 11,000 to a seasonally adjusted 445,000. It’s the lowest level since the week ending July 10. Stock futures rose… read more
Swing Trading Strategies – What does “action-reaction’ tell us about the Crude oil now? [chart]
Now that the long November Crude oil swing trade (long from 77.55) has reached the target objective, (83.45) I think it is a good time to review the trade signal and see how “action-reaction ” helped determine the entry, direction, duration and distance (target objective) before the trade was entered. Crude oil had undergone a corrective pullback that… read more
Crude Oil Inventory Report / Futures Broker
NEW YORK, Oct 6 (Reuters) – U.S. crude oil futures prices extended losses on Wednesday in choppy trading after a government oil inventory report showed crude stocks rose more than expected last week. The U.S. Energy Information Administration’s weekly report said the nation’s crude oil inventories rose by 3.09 million barrels in the week to… read more
Grain Calls and News / Future Trading
WHEAT – Up 2 to 3 cents per bushel. Support from a weak dollar and a technical short-covering bounce following recent declines. * Overall satisfactory weather is seen for winter wheat planting in Russia and in the U.S., but dryness a bit of a concern in the U.S. east and south and in the far… read more