Tag Archives: Commodities

Swing Trading Strategies – Buying opportunity in Gold? [chart]

Gold has been trading on both sides of the ascending median line. The market crossed above the median line during today’s session and is once again trading on the strong side of this momentum line. The price action is suggesting the market has built up enough energy to continue the upward trend and move toward… read more

Swing Trading Strategies – Update of short May Coffee recommendation. [chart]

From last night’s issue of the TMV Swing Trading report – May Coffee – Short from 275.25 – exit price @ 270.70 – After the sell was triggered at 275.75, coffee traded sharply lower until it touched the ascending lower parallel line (green line). The lower parallel line is a line of support and the… read more

Wheat and Corn Stocks larger than expected!

By Russell Blinch and Roberta Rampton WASHINGTON, March 10 (Reuters) – Stockpiles of U.S. wheat and corn are forecast to be larger this year than traders had expected, a government report said in a report on Wednesday, noting sky-high wheat prices have trimmed demand.    The Agriculture Department forecast U.S. wheat stocks of 843 million bushels… read more

ISM Mfg Index / Futures Broker

  Released on 3/1/2011 10:00:00 AM For Feb, 2011     Prior Consensus Consensus Range Actual ISM Mfg Index – Level 60.8  60.5  58.7  to 62.0  61.4       Market Consensus Before Announcement The composite index from the ISM manufacturing survey jumped 2.3 points to a rare plus 60 reading at 60.8 for the highest reading since May… read more

Swing Trading Strategies – Silver pulls back after reaching upper parallel line resistance. [chart]

March Silver surged to a high of $34.33 overnight and reached the upper parallel line. The market also pasted through the descending reaction line  during the advance. These two lines represent target objectives as well as a confluence of resistance. As I write this, Silver is trading at $32.90–$1.43 cents off the high.… read more

Grains Opening Calls and News / Futures Broker

WHEAT – Up 8 to 10 cents per bushel. Active export sales of U.S. wheat and news Egypt made its first purchase of wheat in nearly a month combine to boost wheat futures with further support from concern about harm to the U.S. crop from a cold snap this week. CORN – Up 3 to… read more

Swing Trading Strategies – Reaction swing triggered buy in British pound. [chart]

In the last issue of the TMV Swing Trading Report I said. “British pound has posted double bottom formations on consecutive reversal dates (January 25th and February 1st). The price action has formed a bullish reaction swing and appears poised for an upward price swing into the ascending median line. “ Overnight, the pound traded… read more

Futures News – Factory sector expands at the fastest pace in 7 years!

WASHINGTON (AP) — The factory sector expanded in January at the fastest pace in seven years, as manufacturers reported a sharp jump in new orders. The Institute for Supply Management, a private trade group, says its index of manufacturing activity rose last month to 60.8. The sector has expanded for 18 straight months of expansion,… read more