The TMV Swing Trade Report is currently long October Lean Hogs @ 77.47. The swing trade signal was based off the longer-term coiling pattern with a bullish reaction swing at the apex.The market surged out of the reaction swing and the “energy building” coiling pattern during Tuesday’s session. This price action suggests Hogs should continue to advance into… read more
Tag Archives: Commodity Trading
Opening Grain Calls and News – Futures News
By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean prices are poised to start higher Wednesday in an attempt to keep pace with a strong rally in the corn market. Soybean prices have felt spillover support from corn recently as corn has consistently set fresh 23-month highs on worries about disappointing U.S. yields. Soybeans… read more
Swing Trading Strategy – Is Copper ready to run? [chart]
December Copper – Copper resumed the longer-term bullish trend after ending the four-day corrective pullback into a projected reversal swing date. The pullback ended on the September 13th reversal/reaction day after the market found support at the 20-day EMA and lower parallel line before reversing and trading higher for the remainder of day. The market… read more
Grain News and Opening Calls – Futures Broker
WHEAT – Down 3 to 5 cents per bushel. Pressure from news Australia increased its forecast for wheat exports and Russian Prime Minister Putin repeated that Russia would not need to import grain. * Australia ups 2010/11 wheat export forecast 26 percent. * Russia has enough grain, no export until 2011 harvest-PM. * Dry conditions… read more
Grain Opening Calls – Future Broker
WHEAT – Up 8 to 10 cents per bushel. Support from active exports of U.S. wheat as global production declines. A weak dollar also lending support. * High Ukraine wheat prices prevent export to Russia. * Australia heads for biggest wheat crop in 5 years – ACF * Dry conditions continue to hamper winter wheat… read more
Crude Oil Inventories – Futures News
NEW YORK, Sept 9 (Reuters) – U.S crude oil inventories last week fell unexpectedly as refineries ramped up their utilization rates, a government report showed on Thursday. Distillate and gasoline stocks also fell in the week to Sept. 3, as distillate output slipped and total product demand over the last four weeks rose 0.7 percent… read more
Swing Trading Strategies – New reaction swing pattern in Copper, what does it mean? [chart]
The TMV Swing Trading Report is currently holding a long recommendation for December Copper at 347.50 – Over the past few days, Copper pulled back to test support from the prior swing high (343.05 on August 4th), before rebounding slightly near the close. This short-term corrective pullback has formed a reaction swing pattern with a trigger… read more
Futures Broker / Grain Calls and News
CHICAGO (Dow Jones)–U.S. soybean futures are poised for a weaker start to Tuesday’s day session, slipping on pressure from neighboring grain futures, seasonal weakness and positioning ahead of government crop reports. Overnight, Chicago Board of Trade soybean futures for November delivery were 2 1/2 cents lower at $10.32 1/2. Analysts expect soybeans to start 2… read more
Futures Broker/ Grain News and Calls
CHICAGO (Dow Jones)–U.S. corn futures are expected to open slightly lower Friday on seasonal pressure and profit-taking ahead of the three-day holiday weekend. Chicago Board of Trade corn is called 1 to 2 cents lower. In overnight trade, September corn was down 2 cents to $4.31 per bushel and December corn was down 1 1/2… read more
Swing Trading Strategies – Gold reached the target objective on the projected reversal date! [chart]
In the August 25th issue of the Traders Market Views Swing Trading report, I wrote about the bullish TC pattern (trend continuation) that had just formed in the December Gold. The TC pattern began with the high pivot on August 19 and ended with a low pivot on August 23…which also happened to be a projected… read more