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

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

Energy News – EIA report show Gasoline stocks at 20-year high.

* Crude stocks rise 1.9 mln barrels to 345.06 mln * Gasoline stocks up 4.66 mln barrels at 240.89 mln * Cushing inventories fall 927,000 bbls to 37.41 mln * Distillates rise 288,000 barrels to 164.37 mln NEW YORK, Feb 9 (Reuters) – U.S. crude oil inventories rose in line with expectations and gasoline stocks… read more

Swing Trading Strategies – Natural gas drops through trigger price to confirm sell signal, what’s next? [chart]

TMV Swing Trading Report – Short March Natural gas – The bearish reaction was confirmed early in today’s session when N-gas traded thorough the 4.250 trigger price. The market quickly traded through the downward sloping median line and is currently trading below the line. For updated information on this trade, or to see new swing… read more

Energy news – Crude inventories rise

Crude inventories increased by 2.6 million barrels, for the week ending January 14, from the previous week to 335.7 million barrels and were above the upper limit of the average range for this time of year. U.S. crude oil refinery inputs averaged 14.3 million barrels per day during this period, 389 thousand barrels per day… read more

Swing Trading Strategies – Reversal date triggered major sell in Crude oil! [chart]

In last night’s issue of the TMV Swing Trade report I said, ” Crude oil traded above the prior day’s high (93.02) before the reversal date kicked in and turned the market lower. Crude continued lower for the remainder of the day and closed near the low of the daily price range. The negative reversal date… read more

Futures News – EIA Data – Crude Stocks fall!

* Crude stocks fall 4.16 million barrels * Distillate inventories rise 1.15 million barrels * Gasoline stockpiles rise 3.29 million barrels * Cushing inventories up 858,000 barrels NEW YORK, Jan 5 (Reuters) – U.S. crude inventories fell more than expected in the final week of 2010 and refined product stocks rose, according to a weekly report… read more

Swing Trading Strategies – Projected Reversal Date Identifies Major Top in Crude oil! [chart]

February Crude oil –Monday’s new high was preceded by a three-day corrective pullback that had formed a potentially bullish reaction swing. Crude traded above the prior swing high (91.88 posted on December 27, 2010) but failed to close beyond the 91.88 high. Instead, the market pulled back inside the swing pattern and closed near the… read more

Swing Trading Strategies – “Action/Reaction” setting up potential sell pattern in N-gas. [chart]

February Natural gas has been trading higher, after bouncing off the descending median line. The eight-day rally advanced Natural gas into the December 28th reversal date, setting up a potential bearish reaction swing. However, the December 28th reversal date failed to trade above the prior high–needed to set up the sell pattern. The following day–Thursday, December 29th–did… read more