The dramatic sell-off Gold began early Tuesday morning after the market traded to a new 5-month high of $1192.80. The market hit resistance at the 1.272% Fib extentsion before the heavy selling was triggered by the debt crisis in Greece. Gold tumbled to a low of $1156.20 on Wednesday ( a projected reversal swing date) and… read more
Tag Archives: Commodity Trading
Swing Trading Strategies for the Dow Jones Futures. [chart]
The Dow Jones futures posted a major reversal on the April 27th reversal swing day , projected several days in advance. The reversal occurred one day after the Dow Jones futures traded to a new 18 month high of 11206. After trading at the new high, the Dow Jones dropped to support before rebounding into the down-sloping reaction line… read more
Futures Broker/Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. Strong dollar, solid condition ratings for the U.S. winter wheat crop and a plentiful supply of wheat combine to weigh on wheat futures. Market underpinned by cold snap late this week in the U.S. that may harm some of the headed wheat. CORN – Down 2… read more
Grain News
WHEAT – Up 1 to 2 cents per bushel. Short-covering lifts wheat futures but gains limited by firm dollar and good growing conditions for the U.S. winter wheat crop. CORN – Up 1 to 2 cents per bushel. Talk China bought 8 to 10 cargoes of U.S. corn and wet weather this week that is… read more
Grain Calls
WHEAT – Up 1 to 2 cents per bushel. Weak dollar and gains in equities lift wheat futures in addition to short-covering as the wheat futures market remains loaded with trading fund short positions. CORN – Up 1 to 2 cents per bushel. Trade speculation that the United States may sell more corn to China,… read more
Grain News
WHEAT – Up 1 to 2 cents per bushel. Support from good number for wheat in USDA’s weekly export sales report, a weak dollar and gains in corn following China’s purchases. CORN – Up 2 to 3 cents per bushel. Support from China’s purchases of U.S. corn and some outlooks for more sales to China.… read more
Grain Calls
WHEAT – Up 1 to 2 cents per bushel. Follow-through short-covering bounce after the sharp decline of prices on Monday. Also, spillover support from gains in corn and soybeans. CORN – Up 5 to 6 cents per bushel. Support from news China bought 115,000 tonnes of U.S. corn, cold and wet weather that is delaying… read more
Long Cocoa swing trade reaches target objecitve on R-swing date! [chart]
When July Cocoa dipped into the 60% buy window on April 12th the RT Swing Trader program triggered a buy signal for the July Cocoa at 2934. As soon as the the buy signal was triggered the RT Swing Trader identified April 26th as the projected reversal swing date and placed the reaction target objective… read more
Opening Grain News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Chicago Board of Trade soybean futures are poised for a lower start to Friday’s day session on pre-weekend positioning in the absence of fresh fundamental news. CBOT soybeans are seen opening the day session 2 cents to 3 cents lower. A weak undertone from outside,… read more
Swing trade sell opportunity in July Silver. [chart]
July Silver traded to a high of 18.20 and just breached the 60% sell window before turning sharply lower. This price action is forming a potential TR sell pattern. The market needs a trade below Wednesday’s daily low (17.455) to confirm the reaction swing and the final segment of the TR pattern sequence. If the… read more