Traders should be prepared for the following Reports tomorrow May 12, 2011 Weekly Bill Settlement Producer Price Index 8:30 AM ET Retail Sales 8:30 AM ET Jobless Claims 8:30 AM ET Charles Plosser Speaks 8:30 AM ET Business Inventories 10:00 AM ET Ben Bernanke Speaks 10:00 AM ET EIA Natural Gas Report 10:30 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Month Bill… read more
Tag Archives: Commodity Trading
Market Wrap up for May 11, 2011 – Futures Trading, Commodity Trading, Trading in Futures, Futures Brokers
Market Alert! Gold turns lower after projected reversal date! swing trading strategies, action reaction, trading in futures, market timing [chart]
The recent corrective rebound in Gold has reached a confluence of overhead resistance where the upward sloping parallel line intersects with the downward sloping reaction line. Gold rally was cut short at the reaction line and is currently trading below the prior day’s low. This price action is confirming the projected reaction swing and portends… read more
TMV Swing Trade Report update – British pound jumps sharply overnight – swing trading strategies, swing trade signals, action reaction, trading in futures
TMV Swing Trading Report – Long June British pound @ 1.6380 The British pound jumped sharply overnight as the Bank of England raised it’s inflation forecasts for the quarterly report. The report projected inflation to hit 5% in 2011 and stay well above the early target of 2% throughout 2012. … read more
Grain Called Lower After Report – Futures Trading, Commodity Trading, Futures Brokers, Futures Trading Brokerage
Soybeans called 15-20 cents lower USDA’s May supply/demand report. USDA 2010/11 U.S. soybean ending stocks at 170 million bushels, above an average of analysts’ estimates for 137 million, and 2011/12 ending stocks at 160 million, below an average of analysts’ estimates for 167 million. Wheat called 10-15 cents lower The U.S. Agriculture Department 2011 U.S.… read more
Reversal date summary for 5/11/11 – Swing trading strategies, swing trade signals, action reaction, trading in futures, reversal dates
The only reversal date for Wednesday May 11, 2011 is in the July Corn. July Corn bounced off support provided by the lower upward sloping parallel line and close higher on the two following trading sessions. This price action has formed a potentially bearish reaction swing that, if confirmed, portends a new decline into the… read more
International Trade Balance May 11, 2011 – Futures Trading, Commodity Trading, Futures Brokers, Futures Trading Brokerage
US trade deficit showed a notable decline Prior Consensus Consensus Range Actual Trade Balance Level $-45.8 B $-47.7 B $-48.9 B to $-44.3 B $-48.2 B … read more
Crude setting up for reversal date – swing trading strategies, swing trade signals, action reaction, trading futures
June Crude oil – Crude oil traded to a new high (114.83) on May 2, 2011 before closing lower than the opening price. The new high was posted one day after the May 1, 2011 projected reversal date (using the April 8, 2011 to April 12, 2011 reaction swing). The lower close on the day… read more
Join us for “Swing Trading with Market Timing Intelligence-Swing trading strategies, swing trades, action reaction, market timing, trading in futures, commodity trading
Swing Trading with Market Timing Intelligence. – Introduction and review of current and future trade signals. Join us for a Webinar on May 12 The most important element of a successful swing trading approach is market timing of both entry and exits. In this educational webinar, you will learn to predict, identify,… read more
Reversal date summary for 5/10/11 – Swing trading strategies, swing trades, action reaction, market timing, trading in futures, commodity trading
Reversal dates to watch today – Heating oil – The market continues the corrective rebound from last week’s sell off. The major sell window begins at 3.0847. A rebound into the sell window would set the stage for further decline. Dow Jones – Market is showing strength as it moves off the ascending median line.… read more