Monthly Archives: July 2011

Market News – EIA weekly Petroleum report – trading news, futures trading, swing trading strategies, swing trading signals

Released on 7/20/2011 10:30:00 AM For wk7/15, 2011 Prior Actual Crude oil inventories (weekly change) -3.1 M barrels -3.7 M barrels Gasoline (weekly change) -0.8 M barrels 0.8 M barrels Distillates (weekly change) 3.0 M barrels 3.4 M barrels The Crude oil remains steady after the release of the EIA weekly energy report. The chart price action remains neutral to bullish… read more

Market news – Exiting Homes sales fall to seven-month low. Futures trading news, swing trading strategies,

Existing home sales   Released on 7/20/2011 10:00:00 AM For Jun, 2011 Prior Consensus Consensus Range Actual Existing Home Sales – Level – SAAR 4.81 M 4.900 M 4.800 M to 5.200 M 4.77 M Existing Home Sales – M/M Change -3.8 % -0.8 % Existing Home Sales – Yr/Yr Change -15.3 % -8.8 % Existing homes sales fell during  June to touch a seven-month low… read more

Market news – Grains opening calls

Wheat – futures are called to open the day session 6 to 8 cents higher as traders continue to cover short positions due to hot weather and weakening dollar. Soybeans –  futures are called to open 6 to 8 cents higher on concerns about stressful weather conditions in the mid west. Corn – futures are… read more

Market Alert! – Reversal date triggers buy in Crude oil. – swing trade strategies, swing trade signals, price action, action reaction, median line

Crude oil is trading sharply higher due to the weaker dollar and concerns that Wednesday’s oil stock’s report will be bullish.  The market posted a pivot low on Monday’s projected reversal date, setting up a bullish swing trade opportunity. Buy September Crude oil with a stop loss at 95.02.        … read more

Reversal dates for the week of July 18 through July 22. – price action, market timing, action reaction

Monday – July 18 – Cattle, Soybeans, Crude oil, Natural gas, Canadian dollar, Australian dollar, Sugar Tuesday – July 19 – Wednesday – July 20 – Japanese yen Thursday – July 21 – RBOB gas, Gold, Australian dollar, Cocoa Friday – July 22 – Hogs, Soybeans, Silver, Copper, S&P For more information about reversal dates… read more

Market Alert! – Long Soybeans have reached median line! – swing trade strategies, swing trade signals, price action, action reaction, market timing.

TMV Swing Trade Report – Long November Soybeans from $13.30 1/2 – last price @ $13.80 1/2 – Soybeans have reached the upward trending median line. The median line will usually act as a resistance level where the market will turn lower or begin a short-term consolidation. Therefore, I recommend exiting the long position at… read more