Tag Archives: Commodity Trading

Swing Trading Strategies – Sept Eurocurrency forms a bearish reaction swing, but is it time to sell? [chart]

After completing a bullish reaction cycle on the August 8th reversal date, September Eurocurrency has been in a downward price swing. The euro has posted two consecutive higher closes following several closes below the 20- day EMA. The corrective rally appears to be a bearish reaction swing and could be forming a new sell pattern. A trade below the August… read more

Swing Trading Strategies – T-Bonds reach target objective on projected reversal date. What’s next? [chart]

September Treasury bonds reached the target objective at 134-00, on the projected reversal/reaction date. In a classic “action-reaction’ fashion, the market reached the projected price level on the predicted reversal/reaction date. This is a good time to take a look back to see how the target objective and reversal/reaction date could have been identified two weeks earlier.  The… read more

Swing Trading Strategies – Can Time and Price target objectives be projected in advance? By John Crane [chart]

On August 3rd, August Hogs traded at a new three month high, reaching 87.57,  before reversing and closing  as an “outside day” price bar with a negative close. The next day, the market collapsed and closed limit-down.  Could the time and price of this significant high have been predicted? To answer this question, lets take a look at the ‘action/reaction” time and… read more

Swing Trading Strategies – Does the Canadian dollar still have room to run? [chart]

The Canadian dollar finished Tuesday’s projected reversal/reaction day (projected by using the reverse count form July 9 back to the low on June 24, with the forward count beginning on July 20.) with an “inside day” price bar. An “inside day”, on a reversal/reaction day, is considered a continuation pattern. Wednesday’s price action is also… read more

Swing Trade Strategies – After completing the bearish reaction cycle, what is next for the Gold? [chart]

Gold completed the long-term bearish reaction cycle when it reached the downside target objecitve of $1156.90 on the July 28 reversal date. This date had been projected 7 days earlier, after Gold had completed the TC (trend continuation) pattern with a lower close on July 16. Using the newly confirmed TC pattern, a reverse/forward count was done with… read more

Swing Trading Strategies – Long Coffee signal reaches target objective! A follow up to the July 23rd blog! [chart]

In the July 23, 2010  issue of the TMV Swing Trading Report, I made a recommendation to buy Coffee at 162.05. (See the July 23 post in this blog) The buy signal was triggered following the completion of a five-wave continuation pattern and ended on the July 21…a projected reversal date. The buy signal was triggered on… read more

Futures Broker / Grain News

WHEAT – Up 10 to 15 cents per bushel. Boosted by drought in Europe that was trimming crop prospects and by a larger-than-expected U.S. wheat export sales number in USDA’s weekly export sales report released on Thursday. * IGC cuts forecast for 2010/11 world wheat crop by 13 million tonnes to 651 million but noted… read more

Swing Trading Strategies – Action-Reaction makes accurate Gold projections, here is how! [chart]

As the August Gold futures contract trades at a new twelve week low and tests the reaction line target objective (currently at $1155.90) on a projected reversal date, I think it would be a good time to look back and see how this reversal date and target objective were determined, several days in advance. To begin, I will go… read more

Futures Broker / Grain News

NEW YORK, July 28 (Reuters) – Chicago soybean traders focused on forecasts for hotter and drier weather for the Delta and Southeast over the next week, which may harm some of the crop that is setting pods. * In the Midwest, overall satisfactory crop weather was predicted for the next week to 10 days, with… read more