NEW YORK, July 26 (Reuters) – Sales of new U.S. single-family homes rebounded strongly in June from the prior month’s record low, government data showed on Monday, driving the number of houses on the market to their lowest level in nearly 42 years. KEY POINTS: * The Commerce Department said sales jumped 23.6… read more
Tag Archives: Commodity Trading
Swing Trading Strategies – What can you learn from looking at past price action? [chart]
Looking into the past can provide a wealth of information when trying to find future support and resistance levels. Past high or low price pivot points should not be ignored and can be critical when trying to identify or project futures price swings and trend reversals. The later came into play recently in the Dollar Index. The Dollar index had… read more
Futures Broker/ Grain News and Calls
CHICAGO (Dow Jones)–U.S. wheat futures are expected to slide on Tuesday’s open following overnight losses on a stronger dollar and continued profit-taking after the market’s sharp rally last week. Chicago Board of Trade futures are called 4 cents to 6 cents lower. In overnight trade, CBOT September wheat was down 6 cents to $5.76 1/4… read more
Futures Broker / Grains Calls and News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to start Friday’s day session on the defensive, with the market consolidating ahead of the weekend after the week’s sharp gains. Overnight, Chicago Board of Trade August soybeans were 1/4 cent lower at $10.18 3/4 and November soybeans were 3/4 cent… read more
Swing Trading Strategy – New reaction swing projects higher target objective for Wheat! What’s the new price? [chart]
September Wheat could continue to trade higher until it reaches the newly projected reaction line. The market had reached the previous reaction at $5.66 during Wednesday( July 14) trading session, before backing off and closing at $5.59. This time and price objective where determined from the TR pattern. (See blog entry from July 12). However,… read more
Swing trading strategy – August Natural gas surges higher on projected reversal date! How was it done?. [chart]
Natural gas surged over a $3,000 higher, after posting a bottom at 4.288 on the projected reversal date! The TMVSwing Trading Report had been short August Natrual gas from 4.550 ( recommended in July 8th issue). The target objective was 4.250 with a projected reversal date due on July 15th. I was looking for the N-gas to trade lower into the… read more
Futures Broker / Grain News and Calls
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to start Wednesday’s day session on firm footing, buoyed by supportive technicals and weather uncertainties for the developing U.S. crop. Overnight, Chicago Board of Trade July soybeans were 1 1/2 cents lower at $10.29, August soybeans were 3 1/2 cents higher… read more
Futures Broker / Grain News and Calls
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–U.S. wheat futures are poised for a weaker start to Tuesday’s day session, consolidating recent gains on favorable crop ratings and a lack of fresh supportive news. In overnight electronic trading, Chicago Board of Trade September wheat was 1 3/4 cents lower at $5.34, and… read more
Swing Trading Strategies – How the June 29th reversal date confirmed major buy for Wheat. [chart]
– A look at the recent chart of the September Wheat shows a very good example of “action/reaction” combined with a reversal date projection. Combining the two unique trading techniques can be a very powerful swing trading strategy. The first thing I want you to notice is the June 29th reversal date, marked as the (D) pivot… read more
Futures Broker / Grain Calls and News
WHEAT – Down 2 to 3 cents per bushel. Spillover pressure from Friday’s bearish USDA U.S. wheat production and ending stocks reports. Also pressure from a firm dollar and seasonal harvest weight. * Hot and dry weather in Europe remains a concern while overall satisfactory crop weather continues in the U.S. CORN – Down 1/2… read more