WHEAT – Up 6 to 7 cents per bushel. Falling dollar and short-covering amid oversold technicals combine to lift wheat futures. * USDA late on Monday said 53 percent of the U.S. winter wheat crop had been planted, up from 33 percent a week ago and slightly behind the five-year average of 54 percent. *… read more
Monthly Archives: October 2010
Swing Trading Strategies – Silver trades into a cluster of Reversal dates, what does that mean? [chart]
December Silver advanced into a cluster of reversal dates (Tuesday, September 28 and Wednesday, September 29). Silver reached the reaction line price objective in concurrence with the reversal date cluster. This combination will typically have a strong influence on the next market direction over the short-term. Thursday—the “trail day”—began with a trade above the September 29thhigh, reaching… read more
Reversal dates for the week of October 4 – October 8.
Monday – Corn Tuesday – Dow Jones, Canadian dollar, Eurocurrency, Bean oil, Copper Wednesday – Corn, Natural gas, Coffee, Soybeans Thursday – Cattle, RBOB gas, Dow Jones, Crude oil Friday – Heating oil< Soybeans… read more