Tag Archives: Commodity Trading

Swing Trading Strategies – Projected reversal date pegs high in Corn! [chart]

May Corn – Corn traded sharply higher, reaching a high of $7.68 and reaching the 60% sell zone, before Wednesday’s (April 20, 2011) projected reversal date kicked in and turned the market lower. Corn tumbled over 29 cents into the close, finishing the day as an “outside” day with a bearish tail. This price action… read more

Swing Trading Strategies – Coffee soars to new high on projected reversal date! [chart]

TMV Swing Trading report – Long May Coffee @ 276.95 – Coffee recovered from the short-term pullback, during Monday’s session, and traded to a high of 291.30…a new four-week high!  Raise the profit stop to 284.95 and keep the target objective at 293.75.… read more

TMV Swing Trading Report update – Cocoa breaks hard after triggering sell pattern. [chart]

TMV Swing Trade Report – Short May Cocoa @ 3623 –  Cocoa completed the bullish reaction cycle when the market posted two consecutive reversal dates in a span of five days. Further more, the market formed a bearish peg-leg formation between the two downward sloping reaction lines. Based off the reversal dates and price action… 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

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

Trading News – US Jobless Claims Tumble 42,000 last week.

WASHINGTON, Feb 3 (Reuters) – New U.S. claims for unemployment benefits dropped more than expected last week, a government report showed on Thursday, pointing to continued gradual improvement in the labor market. Initial claims for state unemployment benefits tumbled 42,000 to a seasonally adjusted 415,000, the Labor Department said, unwinding most of the previous week’s… read more

Grain Opening Calls / Futures Broker

WHEAT – Up 10 to 12 cents per bushel. Brisk export sales, no signs of shipment interruptions to Egypt, a weak dollar, a technical rebound from Friday’s late slide and prospects for end-of-month fund buying lift wheat futures. CORN – Up 5 to 6 cents per bushel. Spillover support from a strong rebound in wheat,… read more

Opening Grain Calls / Futures Broker

WHEAT – Up 8 to 10 cents per bushel. Brisk export sales of U.S. wheat, news Algeria is aggressively seeking wheat imports and talk Saudi Arabia is seeking wheat combine to lift wheat futures. CORN – Up 7 to 8 cents per bushel. Spillover support from soaring wheat market and corn continues to find independent… read more

Grain News and Opening Calls / Futures Broker

WHEAT – Down 10 to 15 cents per bushel Pressure from a firm dollar and profit-taking after rising to a 5-1/2 month high and nearly a 2-1/2 year high on big exports of U.S. wheat. * Dry weather continues to be a problem in the U.S. Plains hard red winter wheat region and no relief… read more