Monthly Archives: February 2011

Energy Trading News – EIA Natural Gas Report

Highlights Natural gas in storage fell 233 billion cubic feet in the February 11 week. A 230 bcf withdrawal was expected. Definition The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S., and three regions of the country. The level of inventories helps determine prices for natural… read more

Trading News – U.S. Jobless Claims Rise 25,000 last week.

WASHINGTON, Feb 17 (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that still pointed at gradual labor market recovery. Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 410,000, the Labor Department said, partially reversing the prior week’s hefty… read more

Trading News – U.S. Consumer Prices rise in January

WASHINGTON, Feb 17 (Reuters) – U.S. core consumer prices rose at their quickest pace in more than a year in January, government data showed on Thursday, but the increase was not strong enough to suggest a build-up in inflation pressures. The Labor Department said its core Consumer Price Index, excluding food and energy, increased 0.2… read more

Trading News – New home construction up 14.8%, in January.

WASHINGTON (AP) — Builders started work on more homes in January, pushing construction up by the largest amount in 20 months. But the home-building industry remains far below the pace considered healthy. Builders broke ground on new homes and apartments at a seasonally adjusted annual rate of 596,000 units, a 14.6 percent jump from December.… read more

Swing Trading Strategy – Looking inside the price bar to sell March Wheat. [chart]

Had a question today, about my early entry signal to sell March Wheat. In yesterday’s issue of the TMV Swing Trading Report I recommended selling the March Wheat at $8.67 instead of waiting for a trade below the prior pivot low of $8.55 1/2 . Wheat had posted a low on the February 11th reversal… read more

March British pound boosted by CPI and BOE comments.

March British pound traded sharply higher  overnight after it was reported that inflation in January doubled Bank of England’s target.  UK CPI jumped to 4.0% yoy in January, doubling Bank of England’s target of 2%.  Bank of England’s  Governor King noted the surge in inflation and reiterated that it’s temporary, due to tax hike and… read more

Trading news – U.S. Retail Sales Rise Less Than Expected in January.

WASHINGTON, Feb 15 (Reuters) – Sales at U.S. retailers increased less than expected in January amid weak receipts at building material and restaurant outlets, a government report showed on Tuesday, likely reflecting the drag from snow storms that slammed large parts of the country during the month. Total retail sales rose 0.3 percent, the Commerce… read more

Reversal dates for the week of February 14 – 18.

Monday – Corn, Crude oil, Heating oil, British pound, Cocoa Tuesday – Soybeans, Gold Wednesday – Sugar Thursday – Hogs, Corn, Wheat, Dollar index, Coffee Friday – To learn more about Reversal dates go to… read more

Swing Trading Strategy – Peg-leg pattern triggers both sell signal and then buy signal is Silver. [chart]

In the last issue of the TMV Swing Trading Report I said, “The market has traded higher over the past 10 days. However, looking inside of today’s price bar I see a potential peg-leg failure that should trigger a two or three-day decline. This could prove to be a nice swing trade opportunity. Sell Silver… read more

Natural gas storage report – Storage use this winter running 30 pct above average.

* Storage deficit to year-ago widens to 4 percent * Storage use this winter running 30 pct above average* NEW YORK, Feb 10 (Reuters) – U.S. natural gas inventories slipped below the five-year average last week for the first time in more than a year, data released Thursday by the Energy Information Administration showed. The… read more